House Panel to Focus on Problems Associated with Underused Federal Buildings
- February 7, 2012
A House subcommittee will hold a field hearing Thursday in Washington, D.C., to examine ways to improve management of federally owned assets and property.
The hearing by the Subcommittee on Economic Development, Public Buildings and Emergency Management will focus on the costs of underperforming or vacant assets, models for their redevelopment or reuse, and how spending can be reduced through their redevelopment.
Transportation and Infrastructure Committee Chairman John Mica (R-Fla.) and Subcommittee Chairman Jeff Denham (R-Calif.) will lead the hearing. Since holding a hearing one year ago in the empty annex of the historic Old Post Office pavilion, Denham introduced H.R. 1734, a measure intended to save billions of dollars by selling or redeveloping high value properties and streamlining the disposal of unneeded assets.
H.R. 1734 passed the House Tuesday. Also on Tuesday, the federal government announced that it has selected the Trump Organization to convert the Old Post Office pavilion into a 250-room luxury hotel. The Old Post Office, located on Pennsylvania Avenue, was completed in 1899 to house the U.S. Post Office headquarters and the city’s post office.
The hearing is scheduled for 10:00 a.m. at the Old Post Office Building Annex in Washington, D.C., and is open to the public.