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Google signs 60-year lease on NASA airfield and hangars


Google has sealed a deal to lease NASA’s Moffett Airfield for the next 60 years after beginning negotiations for the land back in February. Under terms of the agreement, Google will pay NASA an estimated $1.16 billion in rent over the life of the agreement, with addition funds going toward the restoration of a more than 80-year-old hangar, known as Hangar One, that sits on the property. Google may use Hangar One, as well as two sequentially named hangars on the airfield, as a space for research, development, assembly, and testing of technology related to robotics, aviation, space exploration, and other new fields once it moves in.

1,000 ACRES OF LAND, THREE HANGARS, TWO RUNWAYS, AND A GOLF COURSE

The deal was made through Google’s real estate subsidiary Planetary Ventures, which won the ability to negotiate for the airfield back in February. Since then, Google and NASA have been working out terms of the agreement. It seemed unlikely that negotiations wouldn’t work out given Google’s significant interest in the landand NASA’s significant interest in having some other party begin to take care of it. “As NASA expands its presence in space, we are making strides to reduce our footprint here on Earth,” NASA administrator Charles Bolden says in a statement. “We want to invest taxpayer resources in scientific discovery, technology development and space exploration – not in maintaining infrastructure we no longer need.”

Read more on theverge.com

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11 November 2014
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