Google signed 60-year lease with NASA worth $1 billion

Google signed a $1 Billion with NASA :

Internet Giant,Google has signed a long-term lease of 60 years for utilizing area of a Navy air base. Google has plans to renovate these three huge hangars and use them for projects involving aviation industry, space exploration and robotics.

Google will pay $1.16 billion in rent over 60 years for utilizing the property, which also includes a working air field, huge golf course and other official buildings. The area of this property is 1,000-acre & is part of the former Moffett Field Naval Air Station on the San Francisco Peninsula.

With this deal NASA estimates to save the approximately $6.3 million annually in maintenance and operation costs. “As NASA expands its presence in space, we are making strides to reduce our footprint here on Earth,” said NASA Administrator Charles Bolden. “We want to invest taxpayer resources in scientific discovery, technology development and space exploration – not in maintaining infrastructure we no longer need. Moffett Field plays an important role in the Bay Area and is poised to continue to do so through this lease arrangement.”

Google has plans to invest more than $200 million to renovate the old naval hangars and add other improvements, including a museum or educational facility that will showcase the history of Moffett and Silicon Valley, according to a NASA statement. The agency said a Google subsidiary called Planetary Ventures LLC will use the hangars for “research, development, assembly and testing in the areas of space exploration, aviation, rover/robotics and other emerging technologies.”

Google founders Larry Page and Sergey Brin have a very well-known interest in aviation and space. The company has recently acquired several smaller firms that are working on satellite technology and robotics. However a Google spokesperson declined Monday to discuss specific plans for the property, which is located just a few miles from the company’s main campus in Mountain View.

NASA plans to continue operating its Ames Research Center on the former Navy site. Google will take over operations at the runways and hangars, including a massive structure that was built to house dirigible-style Navy airships in the 1930s.

Google’s promise to restore the historic structure known as Hangar One, which is a San Francisco Bay Area landmark.

Google already has a separate lease for another portion of the former air base, where it wants to build a second campus.Lary Page and Brin have also used the Moffett runways for their collection of private jets.

Winter holidays are approaching….. Utilize PROMO CODE TC5000 .Check out the details.