Subcommittee to Hold Roundtable on Public-Private Partnerships and Federal Real Estate
Washington, DC – How public-private partnerships (P3s) could be used to help cost-effectively meet the real estate needs of federal agencies will be the topic of a roundtable discussion next Tuesday with the Subcommittee on Economic Development, Public Buildings, and Emergency Management, the General Services Administration (GSA), and members of the private sector real estate community.
While P3s have been used for several decades on other federal infrastructure projects, they have been less commonly used in projects for federal buildings. The increasing costs and other problems plaguing federal real estate have been the result of a number of factors including an aging owned inventory, underutilized properties, high government construction costs, and an over reliance on operating leases without an equity position.
Subcommittee Chairman Lou Barletta (R-PA) has led the panel’s efforts this Congress to cut waste in the Federal Government’s management of real estate, and Tuesday’s roundtable will focus on how P3s may be employed to improve federal real estate management.
The roundtable policy discussion on “Benefits and Challenges of Public-Private Partnerships in Federal Real Estate” is scheduled to begin at 11:00 a.m. on Tuesday, July 23rd in room 2253 Rayburn House Office Building. GSA Administrator Dan Tangherlini and private sector real estate interests will join Subcommittee members for Tuesday’s roundtable.
Summary of Subject Matter (updated July 23, 2013)
# # #