WASHINGTON, DC –(ENEWSPF)–October 20, 2011. Today, the White House Campaign to Cut Waste announced important progress in the effort to rid the government of excess property. Last year, President Obama issued a Presidential Memorandum titled “Disposing of Unneeded Federal Real Estate” directing agencies to identify and dispose of $3 billion in excess real estate. Today, the Campaign to Cut Waste announced that the Administration is on track to exceed this goal – progress that will save the government $3.5 billion through sales, consolidations, cancelled projects, and other efforts to reduce maintenance and utility costs by the end of fiscal year 2012. As part of these efforts, the Campaign today officially labeled a multi-million dollar Georgetown property as excess, initiating the process to get it off the government’s books.
