Google is expanding in Los Angeles, purchasing a 12-acre parcel of land for $120 million and zoning almost 900,000 square feet of commercial space.
The tech giant hasn't yet revealed its plans for the land, which is next to a historic hangar where Howard Hughes built his "Spruce Goose" airplane, the Los Angeles Times reported.
The purchase is good news for the area, angel investor Paige Craig told the Times.
"The real key to this is Google is going to attract talented people to come to L.A.," he said.
If the Mountain View, Calif.-headquartered company develops the land, the space could house 6,000 workers. Bringing thousands of employees to the area would influence more development, including restaurants, shops and houses.
Google is additionally expected to lease the Hughes hangar, which is in the Playa Vista neighborhood near Marina del Rey.
"This is phenomenal news for the Westside and for the Los Angeles economy," said City Councilman Mike Bonin, as quoted by the Times. "It really makes and brands Playa Vista as the tech and innovation capital of Los Angeles."
Google sees the dozen acres as a "long-term purchase" and doesn't necessarily have a definitive plan for the property, a spokeswoman told the Times.
Of course, AutoWorldNews is wondering if any of that space will go toward Google's continued self-driving car efforts, which are still a long way from the market.
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