Updated · The Atlanta Journal Constitution · Jun 27
Reform Board Targets 26 Federal Properties for Sale as $370 Billion Backlog Mounts
Updated
Updated · The Atlanta Journal Constitution · Jun 27
Reform Board Targets 26 Federal Properties for Sale as $370 Billion Backlog Mounts
2 articles · Updated · The Atlanta Journal Constitution · Jun 27
Summary
Twenty-six federal properties across 15 states, including Atlanta’s Peachtree Summit, were put on a disposal track as the Public Buildings Reform Board moved to vacate aging, underused buildings and seek buyers.
The board said many sites suffer from severe deterioration—leaky roofs, flooding, broken elevators and obsolete air systems—while agencies use far less space than they occupy, making repairs hard to justify.
A $370 billion federal maintenance backlog, including about $50 billion at the GSA, underpins the push; the board estimates underutilized space wastes roughly $1.34 billion a year.
Peachtree Summit’s federal tenants are expected to leave by October 2029, and the board projects the broader disposals could save taxpayers more than $1.2 billion over 30 years.
The recommendations mark the board’s third disposal package since its 2016 creation, extending a yearslong federal effort to shrink a real-estate portfolio reshaped by remote work and aging infrastructure.