Study: FBI relocation moves jobs outside District, ups tax revenue

WASHINGTON – Moving the Federal Bureau of Investigation’s headquarters from one of the most desired properties within Washington, D.C., could mean thousands of jobs leaving the District, but also could mean big bucks for the city, according to a new study.

The FBI’s J. Edgar Hoover Building, 935 Pennsylvania Avenue, NW is a property-tax- exempt building, but moving the agency’s location to a suburban site could generate $28 million in yearly tax revenue if the site were redeveloped, according to a new study.

The study, done by the National Academy of Public Administration and Bolan Smart Associates, also shows relocating the FBI could mean moving 4,800 jobs outside the District

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