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FBI Headquarters Sits on Prime Real Estate That Could Fetch Money for New Facility

Steve Neavling
ticklethewire.com

 The FBI’s headquarters may be a crumbling eyesore, but it sits on prime real estate – midway between the White House and the U.S. Capitol.

With tight budgets, the federal government is hoping it can land big bucks for the space underneath the J. Edgar Hoover building to help offset the costs of building a more modern facility in a yet-to-be-determined location, the Associated Press reports.

The General Services Administration, which oversees all federal buildings, is asking developers to envision building a new headquarters in exchange for the headquarters and its land, the AP reported.

We’re testing the marketplace,” the GSA’s acting administrator, Dan Tangherlini, told the AP. “We think we have very valuable property. How much is it worth?”


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