DC Gets $20 Billion in Feds Real Estate

Federal budget could bring $20.1B to D.C. real estate market

Some large line items in the General Services Administration's $20.1 billion budget request could mean more federal spending for D.C. real estate. In President Bush's fiscal 2008 budget, the GSA has asked for:
 $319 million to pay for the consolidation of Department of Homeland Security's scattered locations.
 $58 million for more construction at the Food and Drug Administration's Montgomery County campus.
 $27 million for St. Elizabeth's West Campus (the proposed home of the Coast Guard) to pay for infrastructure and site acquisition.
Another chunk of change is to repair existing federal facilities in the District, including $172 million for the Eisenhower Executive Office Building and $13 million for the Department of Defense's Joint Operations Center in D.C.