Selling Federal Government Buildings

 

 

 

 

” How many buildings does the federal government own? 10,000? 20,000? Actually, it is a staggering 306,000, according to the U.S. General Services Administration. In addition, the government leases 55,000 buildings, for a total of 361,000. These include offices, hospitals, warehouses, and other sorts of facilities. The chart shows federal buildings owned by department.

  In addition to all the buildings, the federal government owns and leases a remarkable 486,000 structures such as parking lots. The GSA reports that the annual operating costs for all the buildings and structures is $33 billion. The current market value of the buildings is unknown, but the government estimated that the replacement value in 2007 was $1.5 trillion.

  A good way to save taxpayer money and increase economic efficiency would be to start privatizing these assets. The government itself says that it has about 77,000 buildings that are underutilized or unneeded.”

 

   It’s no surprise that the government does a very poor job of maintaining the properties under it’s control . It’s the same old story , the best stewards of the land are the people that own it . Contrary to progressive belief conservation of anything is best left to the ones most directly affected . Human nature is such that care is directly related to cost .

 

” It is widely recognized that the government is a poor manager of its assets. The GAO has had federal property on its “high risk” waste list for years, and it has found that “many assets are in an alarming state of deterioration.” “

 

Cato Institute has the story