About Past / Present Participle

[jiyoun01]

Hello, I'm Jiyeon.
I'm confused with the meaning of participles.

ex. The (government-owning / government-owned) building has been remodeled in the last 8 months.

I chose the former, but the correct answer is the latter.
How can I understand the difference between them?
I could understand that the building is the subject which was owned by the government.
However, in the sentence, is it possible that I can use the present participle cause the government is the subject which owns the building?
Or, is the reason why I can't use the present particible is that the verb 'own' is the non-action verb?

It will be helpful if you answer this question for me. Thanks for reading.

Jiyeon.

[emsr2d2]

A "government-owning building" would only be read to mean a building which owns a government. That's not just extremely unlikely, but actually impossible.

[Rover_KE]

Here, the past participle is used as an adjective.

This is very common — 'a broken glass', 'a self-inflicted wound' etc.

Rover