The Cost of Breaking The GISS Lease
NASA GISS
NASA
Keith’s note: Several sources report that the NASA GISS lease of the Armstrong Hall building in New York City can’t be broken by GSA without incurring a large financial penalty. So, if NASA leaves anyway with a DOGE claim of a cost savings NASA will still be paying ~$3 million a year until 2031 for a building they can’t/won’t use – – plus the rent for wherever the GISS folks are moved to.
4 responses to “The Cost of Breaking The GISS Lease”
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They would only be paying the lease until the owner rents out the space again… it’s highly unlikely that that location wouldn’t get re-rented almost immediately.
There is no reason to waste money tax payers money on that lease when they could operate out of a field center or HQ. The rent in NY is astronomical…
Please tell me which field center can these people work from in New York?
You know HQ rents out their space as well, right?
Ask yourself why do they rent out in NYC.
Also, you should be also asking yourself why does the defense budget get an increase if they’re not able to pass an audit.
You do realize that scientist and employees aren’t like cattle, right?
You don’t understand. GSA is required to pay the lease through 2031, whether NASA is in the building or not.
Also, the cost of this lease is, objectively, on the low end of what GSA pays per square foot for other Manhattan leases. You can look up the costs on GSA’s own website.