Facebook agrees to pay Menlo Park $1.5 million for second campus deal

Photo: Vicki Thompson

Facebook boss Mark Zuckerberg.

Staff San Francisco Business Times

Facebook Inc. agreed to give Menlo Park $1.5 million over 10 years and spend another $100,000 on local improvements, in a deal to expand into a second campus in the city.

The Palo Alto Daily News reports that the agreement is set to go to the City Council on Tuesday.

In early 2012, Facebook (NASDAQ: FB) agreed to pay Menlo Park $15.5 million over 15 years for permission to put 6,600 employees in its current headquarters there.

Source: http://feeds.bizjournals.com/~r/bizj_sanfrancisco/~3/fiJX1-PFItM/facebook-agrees-to-pay-menlo-park-15.html

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