WASHINGTON, DC—The General Accounting Office, in a report released earlier this week, supported the concept of trading the J. Edgar Hoover Building here for a new FBI headquarters in possibly Landover, Springfield, or Greenbelt. However, the agency does not believe real estate swaps are a good idea in all situations.
The GAO noted in its report that there are drawbacks to building swaps, which the General Services Administration has utilized to cope with the lack of Congressional funding to cover capital improvement costs, according to the Washington Business Journal. The GAO contends that the GSA needs to properly determine what properties would be good candidates for an exchange and to inform potential bidders what the agency expects in return for that property.
Among the building swaps the GAO expressed support for besides the J. Edgar Hoover Building at 935 Pennsylvania Ave. NW was a GSA proposal to swap two buildings in the area known as Federal Triangle South for renovations to its own headquarters at 1800 F St. NW and additional work on the Department of Homeland Security at St. Elizabeths. See story in the Washington Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
