Milwaukee County stands to save as much as $250 million by consolidating office space and selling unused properties.
The county owns about 14 million square feet of space, County Executive Chris Abele said Monday during his State of the County address, spread out through about 1,000 buildings.
CBRE Inc., Milwaukee, conducted a study of the county’s real estate holdings, and that information, Abele said, will help the county decide which buildings it no longer needs.
While he would not name specific buildings or offer a percentage of the county’s properties that will be sold, Abele said the county could stand to reduce costs by $140 million over the next 20 years and $250 million total. However, he said changes to the County Grounds are likely.
The county has about 4,000 employees and used to have about three times that many, Abele said, which has left building space unoccupied.
The next step, Abele said, is negotiating to determine which departments should be moved and which buildings should be sold.
— Beth Kevit