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Google To Pay More Than $1B Over 60 Years To Rent Part Of NASA's Moffett Field

MOUNTAIN VIEW (CBS SF) _ Google is renting 1,000 acres of a historic California air base for space exploration, aviation and robotics projects.

NASA says a subsidiary of the giant Internet company will pay $1.16 billion in rent over 60 years for the property. It's part of Moffett Field, a former Navy air base that's also the home of NASA's Ames Research Center.

Google will manage the property, a local landmark, which includes a working airfield, private golf course and a massive hangar that was built to house dirigible-style Navy airships in the 1930s. Google plans to refurbish three hangars on the property.

NASA says the deal will save it $6.3 million in annual maintenance and operation costs.

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