After years of using Moffett Field as the home and launch pad for the private jets of Google’s founders, the company has agreed to a deal in which it will lease the airfield from NASA for the next 60 years. As part of the lease, Google will take over operations of the airfield while the U.S. government retains ownership of the land.
In a press release, NASA announced that Planetary Ventures LLC, a shell organization operated by Google for real estate deals, will contribute $1.16 billion over the course of the lease, while reducing the government agency’s maintenance and operation costs by $6.3 million annually. Continue reading
SAN FRANCISCO (AP) — The U.S. government has picked a Google subsidiary to run and renovate a federal airfield that is frequently used for the personal flights of the Internet company’s billionaire executives.
The decision announced Monday clears the way for Google’s Planetary Ventures LLC to take over management of the 1,000-acre Moffett Federal Airfield, a former U.S. Navy based 4 miles from Google’s Mountain View, Calif., headquarters. The airfield, which was built in the 1930s, has been managed by NASA’s Ames Research Center for the past 23 years. Continue reading