Property Lines - Scott Olson

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Real Estate & Retail

Feds cancel deal for FBI headquarters

August 15, 2007

FBIThe federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based BC Development Co. on March 23, a decision that left local developers scratching their heads since BC didn't control the 12 acres it planned to build on. The company, which was founded by a 12-year veteran of the GSA, could not close on the property in time to meet a 120-day deadline. The government has reopened bidding to the other finalists for the project, which included locally based Duke Realty Corp. and Lauth Property Group. BC will not be allowed to bid again. Full story is here.
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