NASA Announces Lease Deal Turning Over Moffett Field to Google-Controlled Planetary Ventures
- Nov 12, 2014
Moffett Field and the iconic Hangar One are set to be saved by Google, as the tech giant recently agreed to invest around $200 million at the property. Additionally, the airfield will be used in Google’s various ventures including space exploration research, aviation and robotics. The company’s subsidiary, Planetary Ventures, has signed an agreement with NASA that will let the company manage Moffett Federal Airfield(MFA) in Moffett Field, CA. The agreement was closed for a period of six decades and would mean that the Google-controlled entity will pay NASA a total of $1.16 billion in rent.
The move was greeted with great support from the community, most voicing their approval regarding Google’s takeover of Moffett Field and Hangars One, Two and Three. Moffett Field is currently maintained by NASA’s Ames Research Center in Moffett Field, and includes 1,000 acres of land in South San Francisco Bay. Apart from the three hangars, the property also features an airfield flight operation building, two runways and a private golf course.
Moffett Field has meant something to Google for some time now, being the parking lot for the fleet owned by founders Larry Page and Sergey Brin. According to the San Jose Mercury News, the company also has a long-term lease at Moffet Field where it plans on building an office asset on 42 acres, one that is independent from the deal in question. The lease was approved by the U.S. General Services Administration and NASA, who chose Planetary Ventures as the preferred party this February. Leasing negotiations have been going on ever since, a press release announcing the deal noted this month.
Hangar One is currently one of the largest freestanding structures, with a total area of around eight acres. The facility was built back in 1931 with the purpose of hosting naval airships. Around seven decades later, it was discovered the roof of the structure was contaminated with dangerous chemicals. The hangar was then stripped of its coating, and was awaiting refurbishment. Hangar One will be re-skinned as a result of the agreement with Google.
Photo Credit: NASA Ames Research Center