Trump's Budget Proposal Includes $768M To Buy DOT's Capitol Riverfront HQ
The Fiscal Year 2019 budget proposal President Donald Trump put forward Monday included $767.9M to buy the property, which the General Services Administration said would save the government $49.4M annually.
The building at 1200 New Jersey Ave. SE is the only Cabinet-level agency headquartered in a leased facility. Its 15-year lease with owner JBG expires Oct. 19, 2021, and includes options for the government to purchase the property.
Sitting across the street from the Navy Yard-Ballpark Metro station, the DOT HQ project helped usher in a revitalization of the Capitol Riverfront neighborhood, now one of the busiest areas for development in D.C.
Trump's budget proposal, which still must go through Congress, also includes $229M for the consolidation of the Department of Homeland Security HQ at St. Elizabeths West. GSA Public Buildings Commissioner Dan Mathews has identified the DHS project as a top priority for the agency. The appropriations are part of Trump's proposed $10.7B budget for the GSA, which includes $10.1B to maintain and operate the government's real estate portfolio.
“The proposed funding will enable GSA to continue its unique role as a mission-enabler and allow GSA’s workforce, and our colleagues throughout government, to focus on high-value work," GSA Administrator Emily Murphy said in a release.