Economics Technology

Google Signs 60-Year Billion NASA Lease for Aviation, Space Exploration and Robotics

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Google is now leasing part of a historic Navy air base. They plan to renovate three massive hangars and use them for projects involving aviation, space exploration and robotics.

They have agreed to pay .16 billion in rent over 60 years for the property. The 1,000-acre site is part of the former Moffett Field Naval Air Station on the San Francisco Peninsula.

The 00 million investment (beyond the leasing price) will refurbish the hangars, build a museum / educational facility, testing, R&D and more.

Google has declined at this time to discuss specific plans for the property.

NASA will continue current operations on the Navy site which includes the Ames Research Center.

Google will handle operations at the runways and hangars, including a massive structure that was built to house dirigible-style Navy airships in the 1930s.

Upriser Question:
>Doesn’t anyone think that 1.1b is not a lot for 60 years?[Rainymood_XI](http://www.reddit.com/user/Rainymood_XI)

[SOURCE](http://abcnews.go.com/Technology/wireStory/google-signs-60-year-billion-nasa-lease-26818320)

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“Google Signs 60-Year Billion NASA Lease for Aviation, Space Exploration and Robotics”