Federal ‘experiment’ to fast-track sale of underutilized property falling behind on goals

Summary: An independent agency created to fast-track the sale of excess federal properties is falling behind on its goals envisioned more than six years ago, and is running into many of the bureaucratic hurdles it was meant to bypass. The Public Buildings Reform Board, created under the 2016 Federal Assets Sale and Transfer Act (FASTA). recommended in January 2020 that the General Services Administration sell a dozen “high-value,” but underutilized federal properties. GSA sold 10 of those properties for $194 million, well below the board’s sales target of $500-$700 million, according to reports from the Government Accountability Office. Learn more about your ad choices. Visit megaphone.fm/adchoices