GSA Leases Held up in Real Estate Power Play
June 17, 2012
House Transportation and Infrastructure Committee Chairman Rep. John Mica, R-Fla., is holding up approval of 20 federal leases, affecting thousands of federal employees.
Mica wants the General Services Administration to move the Federal Trade Commission out of its headquarters building, located just off the National Mall in northwest Washington, so the building can be used as an annex for the Smithsonian Institution's National Gallery of Art, which needs more space.
Mica's committee has authority to approve GSA leases, and the chairman has long championed what he says is a way to save up to $400 million by moving the FTC out of its current headquarters and consolidating all its operations into a single leased office building.