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Google subsidiary Planetary Ventures will begin operating the Bay Area’s historic Moffett Airfield after nine months of negotiations with NASA. The two signed a 60 year lease today that will generate more than $19 million in rent for NASA each year.
“As NASA expands its presence in space, we are making strides to reduce our footprint here on Earth,” NASA administrator Charles Bolden said in a release. “We want to invest taxpayer resources in scientific discovery, technology development and space exploration — not in maintaining infrastructure we no longer need.”
Planetary Ventures, which is a limited liability company, plans to put $200 million toward improving the campus. It is also required under the lease to:
Google has been eyeing Hangar One for quite some time. Its…
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