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."
- Ground to be broken Thursday afternoon for...
- Magazine honors fastest-growing Utah companies
- Walmart to cease sales of semiautomatic rifles
- Delta to offer nonstop flights from Salt Lake...
- Why China's market slump is good news for...
- Contact lens makers take fight over price law...
- Elected officials, business leaders campaign...
- Dave Ramsey says: Dave Ramsey: Use good...
- US stocks pare losses after 1,000-point... 15
- 'A war on talent': Jobless rate at 3.6... 15
- Walmart to cease sales of semiautomatic... 12
- Utahns want diverse housing,... 9
- Teens are shopping more like their... 6
- Ground to be broken Thursday afternoon... 5
- Cheating site Ashley Madison offers... 3
- Why you don't need to panic about... 3