FBI HQ Delayed Due to Funding Dispute

The proposed new FBI HQ has been delayed due to disagreement over how to pay for the proposed 2.1M SF building. The dispute is holding up the second request for site-specific proposals.

Congress has mandated that all of the FBI’s employees be moved to one location. They are currently scattered across the region in 21 leased facilities. Elimination of those leases could save up to $50M per year. The next request for proposals does not have to include plans to pay for the building, but no award can be made until funding is secured.

The current HQ, the 41-year-old J. Edgar Hoover building, houses only 52% of the HQ’s staff. The worth of the Hoover building's land, more than six acres along Pennsylvania Avenue, likely doesn't balance out the cost a developer has to pay to build the next facility, in either Prince George's County or Springfield, VA. [NYT]

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

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

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

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

Brookfield Offloads 3-Building Silver Spring Office Complex

Student Housing Investor Buys Foggy Bottom Residences: The D.C. Deal Sheet

'We Messed Up With Rent Control': CRE Execs On MoCo's Multifamily Hurdle

New National Geographic Museum Food Hall By Winmar Blends Design With Elevated Dining

Commanders Pick Clark Construction, 2 Others To Build D.C. NFL Stadium

Maryland ICE Facility Construction Can Resume After Court Reinstates Permits

JBG Smith Says Loss Is Improbable From $356M Wardman Tower Ruling

Compass Coffee Says It Lacks Cash For Bankruptcy Plan, Seeks To Toss Case