Google Signs 60-Year, $1.16 Billion NASA Lease

SAN FRANCISCO—Google Inc. has signed a long-term lease for part of a historic Navy air base, where it plans to renovate three large hangars and use them for projects involving aviation, space exploration and robotics.

The Internet company will pay $1.16 billion in rent over 60 years for the property, which also includes a working airfield, golf course and other buildings. The 1,000-acre site is part of the former Moffett Field Naval…

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