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Google Signs 60-Year, $1.16 Billion NASA Lease For Historic Naval Base

Google has signed a 60-year lease on a former Navy dirigible hangar smack in the middle of Silicon Valley, NASA said.

The Internet company will pay $1.16 billion in rent to the federal government for access to the 350,000 square foot structure, called Hangar One.

Google plans to renovate three massive hangars at the historic Navy air base, and use them for projects involving aviation, space exploration and robotics.

The property also includes a working air field, golf course and other buildings: http://bit.ly/1yvXKzW

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Google has signed a 60-year lease on a former Navy dirigible hangar smack in the middle of Silicon Valley, NASA said. The Internet company will pay $1.16 billion in rent to the federal government for access to the 350,000 square foot structure, called Hangar One. Google plans to renovate three massive hangars at the historic Navy air base, and use them for projects involving aviation, space exploration and robotics. The property also includes a working air field, golf course and other buildings: http://bit.ly/1yvXKzW

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