The House has approved legislation on May 23 aimed at stepping up sales of vacant and underused federal buildings, a move that NECA and other construction groups believe could lead to a large volume of construction work as the facilities are converted to new uses, according to a story in Engineering News-Record.
Marco Giamberardino, National Electrical Contractors Association (NECA) executive director for government affairs, said, “We believe this could indeed prove to be a real opportunity for the industry.” He added, “As the federal government weighs options for redeveloping and selling certain properties to maintain an efficient inventory ... improving energy efficiency and leveraging new technologies must be a major consideration to ensure maximum return on these investments.”
The legislation would create a Public Buildings Reform Board, charged with recommending surplus federal buildings as candidates for sale. The maximum total sales would be $8 billion. Likely purchasers are private developers seeking to turn unused federal office structures, warehouses and other buildings into residential or commercial facilities.
NECA has strongly advocated that Congress should enact federal property reform legislation that incentivizes building retrofits and upgrades to improve the energy efficiency of federal buildings.
For more on this story, go to www.enr.com/articles/39561-house-passes-bill-to-boost-surplus-federal-buildings-sales-reuse.