What to Cut: Excess federal property costing taxpayers billions

[Valin]

Fox News:

 

Doug McKelway

March 26, 2013

 

A prime example of how slowly the federal government moves is a piece of prime real estate in Washington's tony Georgetown neighborhood -- an old steam-generating plant with a spectacular view of the Potomac waterfront.

 

The government-owned building was finally sold to a private developer for $19.5 million this month. But it sat there for 10 years -- off the market and vacant -- while taxpayers footed the bill for its upkeep.

 

A for-sale sign only went up the day before the House Committee on Oversight and Government Reform dragged General Services Administration officials into the musty structure for a hearing last summer. Rep. Jeff Denham, R-Calif., berated a bewildered GSA official at that hearing, saying: "You can't get your job done! I don't care if it's a Republican or Democratic administration, the job is not getting done!"

 

Congressional frustration may be warranted. The federal government owns or leases between 55,000 and 77,000 vacant properties. But it's impossible to tell exactly how many. No precise inventory has been kept.

 

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(Vid At Link)