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Proposed Lease of Space in a Building at 400 North Capitol Street, Washington, D.C.

LCD-76-353 Published: Oct 01, 1976. Publicly Released: Oct 01, 1976.
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Highlights

A review was made of a proposed lease to the government of a building in Washington, D.C., to be negotiated by the Senate Sergeant at Arms as authorized by Congress. Negotiations for leasing of the entire building failed because of inability to agree on terms. Proposals for purchase of the building were defeated in the Senate, and plans were made by the Senate to lease a portion of the building for computer operations. The time period for completion of the GAO review did not allow for study of the finalized lease or alternative arrangements.

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Contract negotiationsFederal office buildingsLeasesReal estate leasesTaxesTenantsProperty appraisalsGAO reviewPublic worksReorganization