Millions Of Your Dollars Are Wasted On Vacant And Rundown Buildings [VIDEO]
As so many Americans are walking away from properties, and companies being bankrupt when they can't unload some land. The government is finding they own buildings and they have let them go. Run down and vacant buildings are being paid for by taxpayers.
There are an estimated 14,000 vacant or nearly vacant buildings owned by the federal government that cost taxpayers some $190 million a year to maintain, according to a White House spokesperson. A new report by the Government Accountability Office found that the government does not seem to know very much about its own buildings. Many dilapidated properties were listed as being in "Excellent" condition; some empty building are actually listed as occupied.
A Congressional committee recently held a hearing inside the vacant, former Georgetown power plant building, pressing the government to get rid of properties it is not using.
"Any company that allowed this to happen would be bankrupt," said Congressman John Mica, R-Fla., chairman of the Transportation and Infrastructure Committee.