Maryland and Virginia officials are still anxiously awaiting the federal government’s site selection for a new 7,500-person FBI headquarters campus, but a new filing shows how the government’s real estate arm aims to fund the project.
The General Services Administration this week released its request as part of the Biden administration’s Fiscal Year 2024 budget process, calling for annual appropriations of $233M over the next 15 years for the FBI project, on top of $645M that has been previously appropriated, bringing the total federal investment to more than $4B.
The budget request, first reported by the Washington Business Journal, would use a new $10B Federal Capital Revolving Fund to fund the FBI headquarters and other large real estate projects. The request didn’t shed any new light on where the FBI headquarters would be built.
“GSA and FBI are currently working to select one of the three sites previously included in the 2016 procurement, on which GSA will construct a federally owned, modern and secure headquarters facility for at least 7,500 personnel in the D.C. suburbs,” the budget request stated.
The three sites that were first identified during the Obama administration consist of two properties in Prince George’s County, Maryland, and one in Fairfax County, Virginia. The Maryland sites are an 80-acre property owned by Lerner Enterprises at the former Landover Mall and a 61-acre site near the Greenbelt Metro station controlled by the state and WMATA. The Virginia site is a 58-acre warehouse complex in Springfield that is already federally owned.
Click here to read the rest of the article written by Jon Banister over at Bisnow
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