14 May, 2010
Written by Dexter Han
Beijing RayooTech Co., Ltd.
The City of Santa Clara has approved the plan brought up by Yahoo of allowing the Internet giant to build its new headquarters on a campus about 46-acre (equals 186,155 m2) at the center of the Silicon Valley.
It coat Yahoo 112 Mln USD on the property and over 10 USD Mln on the transportation and other improvements to the city, according to the financial documents published on the city’s official Website.
On the Tuesday’s hearing, Kevin Riley, the director of planning and inspection for Santa Clara, said "For them it’s a big chunk of money to invest and for the city it’s a great deal to have someone like Yahoo come into the city,"
When things are accomplished, the new southern California site will include 13 six-story office buildings and 3 two-story buildings for special use, such as: house cafeteria, fitness center and possibly child care facilities. So that 12,000 employees who worked there can arrive early and stay late if they want to. According to the words said by Yahoo representatives at the city council hearing, most parking will be built underground, with only 9% of land above ground were set aside for additional parking lots and 60% of land will be planted with grass, as green areas.
Yahoo officials have worked hard to make this project carbon neutral in different methods, including built underground parking lots to keep the campus green, establishing new bike paths, setting pedestrian ways to promote taking public transportation tools, and adding solar panels that will continuously provide about 8 % of the power that a campus required, according to the report announced by Yahoo representatives at the hearing.
"It is a very high quality, well done development," Riley said.
By taking a vote, city council members of Santa Clara approved the agreement unanimously.
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