[Guest post by DRJ]
ABC News reports the federal government spends millions each year maintaining vacant and underused buildings, including $170M a year for VA buildings:
“The Government Accountability Office (GAO) estimates that the Veterans Administration alone is spending $170 million a year maintaining its vacant and underused buildings. Government-wide, the cost is much greater.
“It’s a lot of money. We’re talking about hundreds of millions of dollars every year to be able to just repair these properties,” said Mark Goldstein, GAO’s director for physical infrastructure issues.
But the empty government buildings are not just costly eyesores, they are also public hazards. A dead body was found in an abandoned courthouse in Kansas City.”
Some of the properties have been vacant for years and even decades. The answer? The long-term vacancies should be sold, scrapped or given away. This isn’t the best time to sell commercial property but it’s an even worse time to pay huge sums to maintain unused and, in many cases, unusable properties.
And it’s another example of how government bureaucracy costs money and does a poor job allocating resources.