“After years of work to move property disposal legislation forward and save taxpayers an estimated $15 billion, I am pleased to have secured the commitment of this Administration to work with me on this important priority,” said Rep. Denham. “This legislation to reform the federal property disposal process would create a non-partisan professional board to root out waste and inefficiencies in the way we manage our public buildings. It’s a simple fix that would benefit millions of Americans and help us govern more efficiently.”
Rep. Denham served as Chairman of the Economic Development subcommittee from 2011-2012, and through his efforts at the time, the Government Services Administration (GSA) was able to identify two large properties (the Georgetown West Heating Plant and Old D.C. Post office) which were vacant, in decay and costing taxpayers millions of dollars a year to sit idle and un-used. The GSA then sold one property and leased another to private entities that are bringing new business and economic activities to vibrant city corridors. This is a model for the kind of changes that could be brought through reforming the way this country manages its federal property footprint.
The Office of Management and Budget (OMB) estimates that the board could generate $15 billion in revenue from property sales, in addition to the billions more generated from future cost avoidance from simply owning less property.