Federal Real Wednesday, October 1, 2003 Property Actions Needed to Address Long-Standing and Complex Problems

By Walker, David M.

Book Id: WPLBN0000007126
Format Type: PDF eBook
File Size: 5.4 MB
Reproduction Date: 2005

Title:	Federal Real Wednesday, October 1, 2003 Property Actions Needed to Address Long-Standing and Complex Problems
Author:	Walker, David M.
Volume:
Language:	English
Subject:	Government publications, Accountability in government, United States. General Accounting Office
Collections:	Government Library Collection, Government Accountability Integrity Reliability Office Collection
Historic Publication Date:
Publisher:	United States General Accounting Office (Gao)


Citation APA MLA Chicago Walker, D. M. (n.d.). Federal Real Wednesday, October 1, 2003 Property Actions Needed to Address Long-Standing and Complex Problems. Retrieved from https://self.gutenberg.org/

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: Government data show that over 30 agencies control hundreds of thousands of real property assets worldwide, including facilities and land, which are worth hundreds of billions of dollars. Unfortunately, much of this vast, valuable portfolio reflects an infrastructure based on the business model and technological environment of the 1950s. Many of the assets are no longer effectively aligned with, or responsive to, agencies? changing missions and are therefore no longer needed. Further, many assets are in an alarming state of deterioration; agencies have estimated that restoration and repair needs are in the tens of billions of dollars. Compounding these problems are the lack of reliable governmentwide data for strategic asset management, a heavy reliance on costly leasing instead of ownership to meet new space needs, and the cost and challenge of protecting these assets against potential terrorism.