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Thursday, July 05, 2012
BRAC Cost A Small Fortune
Base realignment and closure, or BRAC, turned out to be a lot more expensive than the Pentagon predicted. A new GAO report pegs the cost of the most recent BRAC round at 35 billion dollars. That's 67 percent more than original estimates. GAO says the main culprit is construction costs. The National Geospatial Intelligence Agency's new headquarters more than doubled in cost to 2.6 billion dollars. The latest BRAC round started in 2005. It involved more than 800 locations and 125 thousand people. The Pentagon doesn't expect to see financial payback until 2025.
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4 comments:
One is often smart who plays dumb,just like the case of the mysterious duffle bags found at the sight of undesireable protests.The staff involved always always project a high end cost,but the only effective sure fired way to get anything done is to understate the projected cost.They knew.How many actually knew and how high that knowledge went is the main question.
Anytime the government gets involved,its always going to cost way more.
No big surprise there. Just wait till you see how much Obamacare is going to cost.
Just heard about a couple into real estate that raised $100,000 for Obama ,then got a real estate contract for $200,000,000!
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