Bureaucratic Slumlords.

• Author: Garza, Mariel
• Position: U.S. property management agency mismanaged - Brief Article

The federal government, it seems, is not simply a questionable park owner. It's also a terrible landlord. More than half of its 1,682 buildings are in dire need of repairs, some requiring more than $20 million of work to comply with safety standards. What's more, the problem isn't new. According to a General Accounting Office report released in April, the federal government's property management agency has failed to repair many building problems that were identified almost a decade ago and have undoubtedly gotten worse--and more expensive to fix--over time.

Why? There are more repairs than the agency has money to fund, despite spending...