Fed. Gov’t Selling 74 MN Properties to Save Money

The federal government said that "billions" of taxpayer dollars are wasted each year on properties that are no longer needed-so President Obama wants to sell more than 12,000 across the country, including 74 in Minnesota.

The White House recently announced that the federal government aims to sell more than 12,000 excess properties-74 of which are in Minnesota-in an effort to save taxpayer money.

According to the federal government, “billions” of taxpayer dollars are wasted each year on government properties that are no longer needed. In an effort to recoup these tax dollars, President Barack Obama has proposed the creation of a Civilian Property Realignment Board to help the federal government sell property it no longer needs.

It is estimated that the move would save taxpayers $15 billion over the first three years after the board is fully up and running.

The 12,000 properties range from sheds to underutilized office buildings and empty warehouses. The 74 in Minnesota, most of which are located in Greater Minnesota and outside of the Twin Cities, total more than 70,000 square feet.

The largest Minnesota property on the list of those targeted for sale is a 7,852-square-foot building located in the Chippewa National Forest. It is owned by the U.S. Forest Service, which owns 38 of the 74 Minnesota properties on the list.

The 12,000 properties together total more than 24 million square feet. Tennessee leads the states in term of square footage with nearly 7 million square feet of property identified for sale.

Click here to get more information and see all the properties that are considered to be excess properties by the federal government.