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Mountain View Nets $30 Million From Google

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Mountain View Nets $30 Million From Google

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When your city faces a budget crisis, it's nice to have Google in your back pocket.

The territorial home of Google is getting $30 million from the tech giant. The Wall Street Journal reports that Google will pay the city an upfront fee for a 52-year lease on 9.4 acres of land.

Google will use the land, which the city has been eying for a hotel, to build a new office complex.

The investment comes as Mountain View tries to cose a $2 million budget gap. But Google's money won't necessarily go to close that hole.

How the money will be spent or invested is still being debated by city council members.

Related Topics google, Mountain View
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