Proposed Sale of Federal Land to the Columbia Hospital for Women
T-GGD-92-7: Published: Nov 13, 1991. Publicly Released: Nov 13, 1991.
Additional Materials:
- Full Report:
Contact:
GAO discussed proposed legislation that would authorize the sale of government-owned land in the District of Columbia to the Columbia Hospital for Women for $12 million. GAO noted that: (1) an appraisal prepared for GAO in October 1988 determined the land's fair-market value to be $20 million and an independent appraisal estimated the value at $9 million, but the independent appraisal did not follow federal appraisal standards; (2) an April 1991 Hospital appraisal estimated the land's value, with a deduction of $3 million for zoning related costs, at $13 million, while an October 1991 GAO appraisal estimated the land's value at $18 million; (3) since any difference between the sale price and the fair-market value of the land constitutes, in effect, a subsidy for the promotion of health care, the proposed legislation would require the Hospital to provide services to high-need areas in the city; (4) while the Hospital was generally in comparable or better financial condition than the industry as a whole, its financial condition deteriorated somewhat in 1990; (5) GAO was unable to completely assess how the proposed health resource center would affect the Hospital's financial viability because Hospital officials did not provide all the needed information; and (6) since the costs for the proposed center represent a significant financial undertaking for the Hospital, the government should provide for the land's reversion if the Hospital is unable to build the center.
Jan 15, 2021
-
Environmental Liabilities:
NASA's Reported Financial Liabilities Have Grown, and Several Factors Contribute to Future UncertaintiesGAO-21-205: Published: Jan 15, 2021. Publicly Released: Jan 15, 2021.
Jan 13, 2021
-
Nuclear Waste:
Congressional Action Needed to Clarify a Disposal Option at West Valley Site in New YorkGAO-21-115: Published: Jan 13, 2021. Publicly Released: Jan 13, 2021.
Jan 7, 2021
-
Hanford Cleanup:
DOE's Efforts to Close Tank Farms Would Benefit from Clearer Legal Authorities and CommunicationGAO-21-73: Published: Jan 7, 2021. Publicly Released: Jan 7, 2021.
Dec 18, 2020
-
Drinking Water:
EPA Could Use Available Data to Better Identify Neighborhoods at Risk of Lead ExposureGAO-21-78: Published: Dec 18, 2020. Publicly Released: Dec 18, 2020. -
Recycling:
Building on Existing Federal Efforts Could Help Address Cross-Cutting ChallengesGAO-21-87: Published: Dec 18, 2020. Publicly Released: Dec 18, 2020.
Dec 9, 2020
-
Environmental Protection:
Action Needed to Ensure EPA's Enforcement and Compliance Activities Support Its Strategic GoalsGAO-21-82: Published: Dec 9, 2020. Publicly Released: Dec 9, 2020. -
Oil and Gas:
Onshore Competitive and Noncompetitive Lease RevenuesGAO-21-138: Published: Nov 19, 2020. Publicly Released: Dec 9, 2020.
Dec 7, 2020
-
Air Pollution:
Opportunities to Better Sustain and Modernize the National Air Quality Monitoring SystemGAO-21-38: Published: Nov 12, 2020. Publicly Released: Dec 7, 2020.
Nov 20, 2020
-
Crude Oil Markets:
Effects of the Repeal of the Crude Oil Export BanGAO-21-118: Published: Oct 21, 2020. Publicly Released: Nov 20, 2020.
Nov 19, 2020
-
EPA Grants to Tribes:
Additional Actions Needed to Effectively Address Tribal Environmental ConcernsGAO-21-150: Published: Oct 20, 2020. Publicly Released: Nov 19, 2020.
Looking for more? Browse all our products here