Facebook’s expansion of its headquarters in Menlo Park, Calif., may move one step closer if the City Council next Tuesday approves the social network’s proposal to pay the city $1.5 million over the next 10 years.
The Palo Alto Daily News reported that Facebook also offered to contribute $100,000 for local improvements, and to restrict the number of vehicles going in and out of its proposed West Campus, located across Bayfront Expressway from its current headquarters.
Following the City Council vote Tuesday, the project is scheduled to go before the planning commission Feb. 25 and then back to the City Council March 19, the Daily News reported.
According to the Daily News, even if Facebook left its current headquarters, it would still be required to create a $500,000 charitable foundation, set up a job-training program, help fill Menlo Park’s gap in the region’s Bay Trail project, and establish a local environmental education program.
Facebook Global Real Estate Director John Tenanes said in a letter to the city, as reported by the Daily News, that the social network is also providing $4.5 million in below-market-rate housing fees, a $1.3 million traffic-impact fee, and a $1.1 million street-repair fee.
Readers: Do you think Facebook will eventually secure the approval to proceed with its West Campus?