Why the Private Equity Approach to Sell Government Buildings Won't Work
Briefly

Slate is providing free access to its Slate Plus service for six months to current and recently laid off federal employees. This comes amid significant governmental changes, as the Biden administration has mandated federal agencies to utilize or divest underused properties. Recently, the General Services Administration put 443 'non-core' federal properties for sale, prompting public outcry due to the potential impact on local communities. Initial listings included many notable and historically significant sites, leading to a backlash that resulted in the reevaluation of these sales.
Slate is offering 6 months of Slate Plus to current and recently laid off federal government employees. If you, or someone you know, has been impacted, get 6 months of Slate Plus free.
A recent bill signed by Biden instructs governmental agencies to utilize or sell their underused properties to alleviate budget burdens and revitalize neighborhoods.
The General Services Administration put up a list of 443 'non-core' federal properties for sale, encompassing buildings and land from various federal departments.
Public backlash led to a retraction of the sale of many properties, demonstrating the contentious nature of federal property management.
Read at Slate Magazine
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