Stimulating News

Release Date: Friday, April 10th 2009

The General Services Administration (GSA) plans to spend more than $395 million in the Downtown BID area on building projects. 
 
Behind the windfall is the recovery Act, signed by President Obama in February to jump-start the economy. GSA, which manages 8,600 government-owned or leased buildings nationwide, plans to spend $1.2 billion of the stimulus funds in DC. That’s more than one-fifth of the total $5.6 billion allotted to the agency to help create jobs and restore economic growth. The Downtown BID area stands to gain handsomely because 11 of the 23 DC buildings slated for construction, repairs or retrofitting are located here.
 
Two of the six DC buildings identified for major green building modernizations are the Lafayette Building (Phase I), which will receive $128.8 million, and the Herbert C. Hoover Building (Phases II and III), slated to receive $225.6 million. The Hoover building is also known as the US Department of Commerce building.
 
Nine of the 16 DC buildings chosen for limited green building improvements in the BID area are as follows:
 
· Ronald Reagan Building & International Trade Center ($16.2 million)
· US Tax Court ($8.1 million)
· US Environmental Protection Agency (EPA) East and West and Connecting Wing ($4.6 million)
· Elijah Barrett Prettyman Federal Courthouse ($3.7 million)
· 601 Fourth Street ($2.2 million)
· US Secret Service Headquarters ($1.6 million)
· Internal Revenue Service (IRS) Headquarters Building (($1.5 million)
· US Veterans Administration building ($1.5 million)
· Ariel Rios Federal Building ($1.3 million)

For a list of all GSA projects, visit www.gsa.gov/graphics/pbs/American_Recovery_and_Reinvestment_Act_2009.pdf.

For more information on how stimulus monies will be spent, visit www.recovery.gov.