House Committee Approves $834M In Funding For FBI HQ

Six months after a Senate committee approved $759M in spending for the FBI's new HQ, a House committee voted this morning on an even larger appropriation.

The House Transportation and Infrastructure Committee unanimously approved $834M in federal funding for the project as part of a larger spending package, the Washington Business Journal reports.

The committee's support does come with some requirements. It caps the total federal contribution to the project at $2.1B, limits the facility to 2.1M SF, requires the site to fully consolidate the FBI and asks the GSA to consider cost when making its decision on a site.

The agency is still choosing between three sites in Greenbelt, Landover and Springfield, a decision it recently pushed back to March. As part of the deal, the GSA will swap the Hoover Building site, above, to a developer to build the new suburban HQ. Congress members have pressed the GSA on whether this type of swap will get them the same value for the Hoover building as a separate sale would. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Jemals Sell Georgetown Building To Developer Planning Conversion

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

CGI Merchant Had A-Rod's Backing And A $650M Fund. Then It Bought Trump's D.C. Hotel And It All Fell Apart

Judge Approves $70M Sale Of Philly's Largest Office Complex

Brookfield Offloads 3-Building Silver Spring Office Complex