Google Execs Page, Brin, and Schmidt Offered $33 Million To NASA For Hangar To Cover Their 8 Private Jets

Google Inc. (NASDAQ:GOOG) executives Larry Page, Sergey Brin, and Eric Schmdit offered $33 million to refurbish NASA’s Hangar One. As a result, the three executives would essentially be leasing the space from NASA to park eight of their private jets in there. Page, Brin, and Schmidt made the offer through their H211 airplane operations company this past September. NASA has not accepted the offer as of yet.

“We understand the interest and historic nature of the facility” stated NASA spokesperson Bob Jacobs. “We have to weigh that against the reality of constrained resources and use.”

If NASA agrees, then NASA would replace the outer panels of Hangar One. The outer panels have been removed since it was discovered that they contained lead paint and asbestos. NASA would remain the owner of the building and they would have the right to rent out areas of Hangar One that was not being used. Google would be able to use two-thirds of Hangar One’s floor space to park their 8 jets.

Hangar One was built in the 1930’s. Hangar One covers 8 acres and the height of the building is 198 feet. The Hangar was intended to house military airships. The building is so tall that fog is known to form in the upper levels of the facility.

[Mercury News]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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