Mar 4, 2013
The Social Security Administration and developers JBG, Clark Construction, and Klein Enterprises signed a 20-year, 427 million dollar lease for a new office for 1,600 workers, the biggest lease ever in Baltimore. The rent is more than 50% higher than average – almost $39 per square foot compared to $24. This scandalously high rent means the developers will take 130 million dollars more from Social Security than from normal businesses.
So much for the lie that the Social Security fund is broke when there is always enough money for outright robbery by these sharks!