GSA calls off building swap

The General Services Administration has cancelled a proposed building swap designed to reduce costs for the agency in Washington, the Washington Business Journal reports.

The agency had studied the swap, which involved two federally-owned buildings in the L’Enfant Plaza area, as a means to leverage the costs of renovations to the agency’s main headquarters at 1800 F St. NW and at the former St. Elizabeth’s Hospital campus. In the end, the agency determined the proposal was not cost-effective. However, according to the report, the agency plans to continue looking for ways to save money through building swaps.

GSA owns and manages federal office space, and supplies communications and other services across the federal government, and has approximately 12,000 federal employees.

Reader comments

Tue, Apr 12, 2016

Actually, selling off excess federal assets could move billions of $$ worth of 'public' property into the private sector where it would be subject to local property taxes and assist in funding local schools, fire and police services. The proceeds of the sales could offset deficit spending or be directed to pay off existing federal bonds, reducing the principal debt which nationally, now exceeds $19 Trillion.

Mon, Feb 29, 2016

Since we are allegedly in the "modern age" relocate all the Federal Ageencie's HQ Bldgs out of DC to lower cost smaller cities. Sell DC buildings to pay for. Long term lower costs, increased security, and eventual lower salaries not mandated by DC area.

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above


Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

Free E-Newsletter


I agree to this site's Privacy Policy.

Stay Connected

Latest Forum Posts

Ask the Expert

Have a question regarding your federal employee benefits or retirement?

Submit a question