Categories: ECONOMY

Sell Floyd Bennett Field!


I’ve been shouting Sell! for many years. Perhaps now is the chance to do it. Here’s a recap:

The Federal Government owns more than half of Oregon, Utah, Nevada, Idaho and Alaska and it owns nearly half of California, Arizona, New Mexico and Wyoming. See the map (PDF) for more [N.B. the vast majority of this land is NOT parks, AT 2011]. It is time for a sale. Selling even some western land could raise hundreds of billions of dollars – perhaps trillions of dollars – for the Federal government at a time when the funds are badly needed and no one want to raise taxes. At the same time, a sale of western land would improve the efficiency of land allocation.

But it’s not just federal lands in the West. Floyd Bennett Field is an old military airport in Brooklyn that hasn’t been used much since the 1970s. Today, it’s literally used as a training ground for sanitation drivers and to occasionally host radio-controlled airplane hobbyists.

In August 2023, state and federal officials reached an agreement to build a large shelter for migrants at Floyd Bennett Field, amid a citywide migrant housing crisis caused by a sharp increase in the number of asylum seekers traveling to the city. The shelter opened that November, but its remote location deterred many migrants. City officials announced plans in December 2024 to close the shelter.

By Msedwick Public Domain, https://commons.wikimedia.org/w/index.php?curid=12649418

Floyd Bennett Field is over 1000 acres and should be immediately sold to the highest bidder.

Brad Hargreaves on twitter has a good thread with some more examples.

Addendum: Here’s a NPR article (!) from 10 years ago that I am sure still applies even if not in all details:

Government estimates suggest there may be 77,000 empty or underutilized buildings across the country. Taxpayers own them, and even vacant, they’re expensive. The Office of Management and Budget believes these buildings could be costing taxpayers $1.7 billion a year.

…But doing something with these buildings is a complicated job. It turns out that the federal government does not know what it owns.

…even when an agency knows it has a building it would like to sell, bureaucratic hurdles limit it from doing so. No federal agency can sell anything unless it’s uncontaminated, asbestos-free and environmentally safe. Those are expensive fixes.

Then the agency has to make sure another one doesn’t want it. Then state and local governments get a crack at it, then nonprofits — and finally, a 25-year-old law requires the government to see if it could be used as a homeless shelter.

Many agencies just lock the doors and say forget it.

The post Sell Floyd Bennett Field! appeared first on Marginal REVOLUTION.



Source link

fromermedia@gmail.com

Share
Published by
fromermedia@gmail.com

Recent Posts

Intel reportedly plans to lay off over 21,000 employees

Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with…

13 hours ago

8 Readers Share What They Love About Their Looks

What do you like about the way you look? Last week, we asked that question,…

15 hours ago

Healthcare Hacks That Could Save You Thousands on the Journey to FIRE

Wealth and health are closely intertwined, especially here in the US, where the high cost…

15 hours ago

We can build quantum computers using the rules of special relativity

The odd effects of special relativity can be harnessed to build quantum computersYuichiro Chino/Getty Images…

15 hours ago

One of the Best Puzzlers of 2025, The Art of Fauna, Receives Great Update for Earth Day

It’s all about nature and is both simplistic and beautiful. Each puzzle is made from…

15 hours ago

Social Security rule reversals, office closures, cost cuts: Here’s what’s happening now

A Social Security “war room,” threats to shut the agency, worker buyouts and a restraining…

15 hours ago