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WRT "the private sector", um, for the "private sector" to do something like this there needs to be positive economic return.

If $250 per square foot (my rough estimate of the cost of the project based on the data above) is considered too high a price by the private sector, why isn't it too high a price for the public sector? The only reason for paying above market value for the space is if we think the public sector can develop it into something of significantly greater utility than the private sector. That may potentially be the case, but being the highest bidder on anything based on the belief that you will be able to wring out more synergies than anyone else, comes with a high degree of risk (and a certain amount of hubris).

by Falls Church on Mar 30, 2012 11:24 am • link • report

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