Statement regarding GSA's disposal of non-core assets

[mahatmakanejeeves]

Statement regarding GSA’s disposal of non-core assets

March 04, 2025
GSA’s Public Buildings Service’s (PBS) foundational mission is to deliver cost-effective workspace solutions for its federal agency customers, enabling them to fulfill their missions for the American taxpayer. This requires providing functional facilities to meet the needs of our federal agency customers at the best possible value.

PBS has identified certain core Federally-owned assets within its portfolio that are needed for critical government operations, such as: courthouses, land ports of entry, and facilities critical to our national defense and law enforcement. These core assets are intrinsically significant to the mission of the federal government and will be retained for long-term needs.

Federally-owned assets in GSA’s portfolio that are not core to government operations primarily consist of office space. GSA currently owns and maintains over 440 non-core assets comprising almost 80 million rentable square feet across the nation and representing over $8.3 billion in recapitalization needs. Decades of funding deficiencies have resulted in many of these buildings becoming functionally obsolete and unsuitable for use by our federal workforce. We can no longer hope that funding will emerge to resolve these longstanding issues. GSA’s decisive action to dispose of non-core assets leverages the private sector, drives improvements for our agency customers, and best serves local communities.

GSA will consider non-core assets for divestment from government ownership in an orderly fashion to ensure taxpayers no longer pay for empty and underutilized federal office space, or the significant maintenance costs associated with long-term building ownership — potentially saving more than $430 million in annual operating costs.

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Non-core property list (Coming soon)

We are identifying buildings and facilities that are not core to government operations, or non-core properties, for disposal. Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces. Disposing of these assets helps eliminate costly maintenance and allows us to reinvest in high-quality work environments that support agency missions.

[eppur_se_muova]

1. "leverages the private sector" ... translation: Diverts funds to Turnip's cronies who own commercial real estate.

No doubt including plenty of Russian oligarchs and other family members.