Military Base Closings: Thrifty, Objective Spendthrift Process

  • July 3, 1993
  • • Written by: J.D. Timmons R.A. Collinge

Fall/Winter 1992, Vol 17, No 2

Abstract: Across the United States, obsolete military bases are being targeted for closing. This article brings together valuation estimates by the Department of Defense of bases to be eliminated and estimates by economists of the excess burden of taxation. It explains the significant waste that exists and the loss in revenue to the federal government under the current practice of offering the bases to state and local governments rather than to private sector bidders.