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Sunday, January 1, 2012

Cash-strapped Postal Service paying millions for unused building

WINTHROP (FOX 25 / MyFoxBoston.com) - The Postal Service is hardly the first place you’d think of as having extra money lying around, but FOX Undercover has found that the Postal Service is on the hook to pay millions of dollars to rent a large building in Winthrop, a building it has never occupied and has no intention of occupying.

In addition to wasting millions of dollars, the Postal Service has let the vacant Winthrop building turn into an eyesore, according to Winthrop resident David Osborne.

“It's like coming into Cold War East Berlin when you come into our town. It's been like that for decades,” he told FOX Undercover’s Mike Beaudet.

The eyesore is costing the cash-strapped Postal Service plenty. Their 20-year lease for the 19,000-square-foot building, obtained through the Freedom of Information Act, shows they started renting the building in 1999. In all, they are on the hook for $3.7 million in rent over the life of the lease.




Cash-strapped Postal Service paying millions for unused building

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