Our take: The federal government is the country's largest holder of real estate, but a new report from the Government Accountability Office shows that the government knows very little about the condition and use of properties it owns, Jonathan OConnell writes at The Washington Post.
"The federal government is the country's largest holder of real estate, with nearly 400,000 properties that it owns or leases, and President Obama views the properties as presenting opportunities for cutting costs. In 2010, Obama issued a memorandum requiring agencies to achieve $3 billion in real estate savings by the end of fiscal 2012."
"GAO researchers found that despite warnings that property information and management were flawed, the government knows very little about the condition and use of properties it owns. The problems also persist despite efforts to create a central database that would facilitate the sale or lease of properties that the government does not need or use."
- S.L. draws up airport plans
- Should we let wunderkinds drop out of high...
- Couples registry gets preliminary nod from...
- 'Mantiques' could be a ticket to more cash
- XanGo seeks ouster of co-founder in new lawsuit
- Taking back family dinner: A healthy,...
- AIG CEO tells college graduates facing...
- Did you just win $590M? Get a good team in place
- S.L. draws up airport plans 30
- Writers offer personal finance advice... 30
- Should we let wunderkinds drop out of... 11
- Obama: 'Our focus cannot drift' from... 9
- Obama opposes GOP bill on Keystone XL... 7
- Couples registry gets preliminary nod... 7
- West Davis Corridor project unveiled... 6
- Airport TRAX ridership remains strong... 6