[CPEO-MEF] REUSE: Federal asset sales

[Lenny Siegel <lsiegel@cpeo.org>]

[Selling un-needed federal civilian property would be a good thing,  
like base closure, but as with base closure there needs to be a  
reality check as to the difficulty and complexity of carrying it out.  
- LS]

Cash-Short, U.S. Weighs Asset Sales

By EDWARD WYATT
New York Times
September 29, 2011

WASHINGTON - Like Americans trying to raise quick cash by unloading  
their unwanted goods, the federal government is considering a novel  
way to reduce the deficit: holding the equivalent of a garage sale.

Deep within President Obama's proposals to raise revenue and reduce  
the deficit lies a method that has garnered bipartisan support,  
something rare in Washington these days. It involves selling an  
island, courthouses, maybe an airstrip, generally idle or underused  
vehicles, roads, buildings, land - even the airwaves used to  
broadcast television.

Among the listings: Plum Island, N.Y., off the North Fork of Long  
Island, which the government has already begun marketing as 840 acres  
of "sandy shoreline, beautiful views and a harbor." As former home to  
the federal Animal Disease Center, it may need a bit of "biohazard  
remediation," making it a real fixer-upper.

...

For the entire article, see
http://www.nytimes.com/2011/09/30/business/washington-considers-sale- 
of-spare-properties-to-raise-revenue.html?_r=1

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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