|MILIONS BEING WASTED ON VACANT GOVERNMENT BUILDINGS|
Aruba, July 3, 2012 - Spinners and Winners
How much does it cost to maintain a vacant building? After rent and utility bills? Quite a lot. That's why most people who own real estate usually work hard to sell or fill up any vacant building with lease-paying tenants. But a recent study found that the government doesn't seem to be in the same kind of rush.
There are an estimated 14,000 vacant or nearly vacant buildings owned by the federal government that cost taxpayers some $190 million a year to maintain, according to a White House spokesperson. A new report by the Government Accountability Office found that the government does not seem to know very much about its own buildings. Many dilapidated properties were listed as being in "Excellent" condition; some empty building are actually listed as occupied.
A Congressional committee recently held a hearing inside the vacant, former Georgetown power plant building, pressing the government to get rid of properties it is not using.