Nonetheless, the company hasn’t disclosed the exact way the site will be used. But, a NASA press release has highlighted that the airfield will be used for testing, research, assembly and development in different emerging technologies including aviation, space exploration and robotics.
Rich pickings are offered by the sale for NASA because according to the agreement, in the initial lease term for 60 years, rent about $1.16 billion will be provided. Charles Bolden, the NASA administrator said that they were reducing their impact on earth as they were more interested in expanding their presence in space. As far as Google is concerned, this investment is an opportunity for the firm to restore the iconic building. The deal also involves Hangar One’s restoration, which is a notable landmark in Silicon Valley. It is considered as one of the largest free-standard structures of the world and was built in 1933.
More than $200 million will be spent by Planetary Ventures for restoration of the Hangar One and two other hangers that are also on the airfield. An educational facility will be created in this way, which will allow the public to explore the legacy of the site and technology’s role in it. Vice president of workplace and real estate services at Google, David Radcliffe said that they were looking forward to working on the restoration of the remarkable Hangar One, which has been regarded as an endangered historic site in the US.
There isn’t much information available about the firm that made this deal, Planetary Ventures. It is described by press reports as a shell organization specializing in real estate deals, but its name suggests otherwise. The Ames Research Center, owned by NASA, previously maintained the base, which is four miles from the Mountain View headquarters of Google Inc. Furthermore, it isn’t the first investment made by the company in unusual business ventures. Last year, two mysterious barges had appeared on the costs of Portland, Maine and Sans Francisco and they turned out to be Google’s.
It was later revealed that Google’s intent was to use these barges as floating showcases for whatever new products it introduced such as self-driving cars and Google Glass. Later, the project was abandoned when a fire risk was declared by the coast guard officials. Moreover, this isn’t Google’s first time dealing with NASA. Google had built an office at a research facility of NASA in 2005 for cooperating on a number of projects. Recently, NASA and Google had teamed up to open a new laboratory at the research center of NASA, which is focused on promoting machine learning.