BUSINESS

Uncle Sam's Real Estate Play: Government Property Goes On The Auction Block

01/19/2011 11:40 am ET | Updated May 25, 2011

As Washington deficit hawks scour the federal budget for ways to trim the size of government, they are arriving at one idea with increasing frequency: Put government property on the auction block.

It's an opportunity rooted in the scale of federal holdings. The government owns somewhere in the neighborhood of 650 million acres of land peppered with 429,000 buildings.

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