Search
 

Facebook Paying Menlo Park for Campus Expansion

MENLO PARK, CA—Facebook has agreed to pay the city $1.5 million over the next 10 years as to expand into a "West Campus" across Bayfront Expressway from its headquarters. Under terms of an agreement that goes to the Menlo Park City Council next week, the social network company also would contribute $100,000 for local improvements and restrict the number of vehicles going in and out of the new campus, according to the Palo Alto Daily News.  …

By David Phillips | Updated on January 18, 2013

MENLO PARK, CA—Facebook has agreed to pay the city $1.5 million over the next 10 years as to expand into a “West Campus” across Bayfront Expressway from its headquarters.

Under terms of an agreement that goes to the Menlo Park City Council next week, the social network company also would contribute $100,000 for local improvements and restrict the number of vehicles going in and out of the new campus, according to the Palo Alto Daily News. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.