Menlo Park City Council approved a with Facebook Tuesday that will allow the social media company to pack thousands of employees onto the campus for a few million dollars.
The zoning laws for the property on which the campus stands only allows 3,600 employees to work there. Facebook wants many more people than that and offered the city $12,500,000 over the next 16 years. It also offered an investment of $500,000 into a .
Council unanimously accepted these terms, along with a few more . Internship and job creation programs will also be cultivated.
To read more about the council's decision last night, click here.
You can also read the staff report for the meeting here.
City Council is currently scheduled to review the actual Development Agreement on May 29 and on June 5.