GSA Sitting On Excess Inventory

ORLANDO, FL—The federal government is sitting on an untapped gold mine of thousands of vacant or under-used properties—including 600 buildings at Kennedy Space Center alone—that, if taken over by the private sector, could go a long way to spur investment and help light a fire under the lagging economic recovery.

That assertion came from US Rep John Mica (R-FL), who was the keynote speaker at the RealShare Central Florida conference, held here yesterday. Mica spoke to about 200 real-estate brokers, developers, property owners and investment specialists. The event was one in a series of RealShare Conferences that are held across the country with a national event coming Nov. 4-5 in Miami.