GSA launches a nationwide economic catalyst initiative
VISION UPDATE: November 23, 2015
GSA launched a nationwide economic catalyst initiative that will better align agency’s building, leasing, and relocation plans with the economic development goals of local communities while also improving outcomes for the federal government and our partner agencies.
The GSA Administrator, Denise Turner Roth, joined with elected officials and local stakeholders in Detroit, Cambridge, Mass., and Charlotte, N.C., to launch this new initiative.
In Detroit, GSA has purchased a commercial building for $1 that will be a catalyst for development opportunity in the city’s center. In Cambridge, GSA’s exchange of a 14-acre federally owned site will drive development in one of the most valuable markets in the country. In addition, the agency’s build-to-suit lease in Chelsea, Mass., just a few miles away from Cambridge, has been a catalyst for the development of hotels and residences. Finally, in Charlotte, GSA’s exchange of a 3.2-acre federally owned site to the city will drive transit-oriented development due to its proximity to a future multi-modal transit station.
These examples represent the types of economic development opportunities that GSA plans to create across the country with the Economic Catalyst Initiative.
News of the Week:
- GSA takes economic revitalization plan on the road (Federal Times) (Carten Cordell, Nov 13)
- U.S. Agency strives to be stronger community partner (The Detroit News) (Christine Ferretti, Nov 16)
- $210 million in renovations coming to two downtown Detroit buildings thanks to feds (Daily Detroit)(Staff, Nov 16)
- New GSA initiative in Detroit kicks off with $74.9 million investment (Crain's Detroit) (Michael Lewis II, Nov 16)
- Officials to narrow bidders for Volpe site in next few weeks (Boston Globe) (Tim Logan, Nov 18)
- Land swap could bolster uptown street corridor (Charlotte Business Journal) (Erik Spanberg, Nov 18)
- City hopes land-swap turns parking lot into vibrant development uptown (The Charlotte Observer) (Ely Portillo, Nov 18)
Deal spurs courthouse expansion, new city property (Time Warner) (Andrew Sorenson, Nov 18)
- City hope land swap will bring development farther down E. Trade Street (WFAE 90.7) (Lisa Worf, Nov 19)
- City, feds to swap courthouse for land (Mecklenburg Times) (Roberta Fuchs, Nov 18)
- GSA Administrator on why sometimes getting out of the way is a good thing (Washington Business Journal) (Daniel Sernovitz, Nov 23)
- Denise Turner Roth: GSA program aims to match federal real estate, local development deals (ExecGov) (Mary-Louise Hoffman, Nov 20)
- Roth touts new GSA economic development plan (Federal Times) (Carten Cordell, Nov 20)
- GSA has message for mayors: let’s work together (GovExec) (Charles S. Clark, Nov 24)