New York-based Vornado Realty Trust, in partnership with The JBG Companies, is one of three finalists bidding for an approximately $1.7 billion contract to build a new FBI headquarters building in the suburbs of DC, according to ABC News. In exchange for building the new FBI facility, the government would convey to the developer, ownership of the existing, Brutalist-style headquarters located on Pennsylvania Avenue in a prime downtown DC area. That structure would likely be redeveloped.

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Last Updated on July 4, 2017 by Ramin Seddiq