Trump Administration Plans to Sell San Francisco’s Nancy Pelosi Federal Building
The decision to sell the building, located in a high-crime area, is part of a broader effort to reduce federal government costs and bureaucracy.
- The Trump administration is considering selling two federal buildings in San Francisco, including the Nancy Pelosi Federal Building and the GSA headquarters at 50 United Nations Plaza.
- The Nancy Pelosi Federal Building, an 18-story structure opened in 2007, has faced criticism for its design and high construction costs, which exceeded private-sector benchmarks by an estimated 50%.
- The General Services Administration has classified both properties as 'non-core' assets, making them candidates for sale as part of a government downsizing initiative led by the Department of Government Efficiency.
- Safety concerns have plagued the Pelosi building, with federal employees previously instructed to work remotely due to rampant drug activity and crime in the surrounding area.
- Critics, including former Democratic lawmakers, argue the move is politically motivated and could lead to higher long-term costs due to lease agreements and property tax obligations.