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Why The US Government Having No Idea How Many Buildings It Owns Costs Us $1.7 Billion Yearly
The United States government lacks a precise count of its vast real estate inventory due to the decentralized structure of the agencies managing them. With inaccurate reporting to the Federal Real Property Profile (FRPP), excess buildings are often retained, leading to a yearly maintenance cost of $1.7 billion.
Effectively, the intricate hierarchy involving entities such as the General Services Administration and Government Accountability Office make it too complex to create an accurate count. This organizational complexity hampers efficient property management and contributes to the significant financial burden.
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