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Real estate division reports $3.77 million revenue, dozens of project wins and land deals for parks and housing
Summary
Real Estate Services gave its annual FY23–24 update: revenue exceeded targets, 140 projects completed, multiple land deals advanced homelessness response and park expansion; the committee accepted the status report.
Kevin Ice, director of Real Estate Services in the Office of Economic Development and Cultural Affairs, presented the division’s FY23–24 annual activities and performance metrics to the committee.
Major results - Total revenue: $3,768,646 (facility and telecommunications leases plus surplus sales), exceeding targets. - Transactions and projects: 140 real estate projects completed, including acquisitions, easements, leases and surplus sales. - Surplus sales revenue: approximately $867,000 (target $600,000); one notable transaction was a property sale…
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