High rent forces USGS to move to Moffett Field - News Article Locations on Waymarking.com

"For 62 years, the United States Geological Survey has conducted all earthquake and flood monitoring from its Menlo Park campus, until now.

Rising rents have prompted the agency to move in with NASA at Moffett Field.

For everyone, rent costs on the Peninsula are out of this world. And it's no different for the USGS. They're now paying the federal government $7 to $9 million a year in fair market rent in Menlo Park, costs that are projected to double.

"We can stay in our existing facility and more of our funds go to paying rent here, the opportunity cost goes up, or we can co-locate with NASA Ames, Carnegie Mellon, and other partners at Moffett Field and then the money we would have paid for rent goes to science," said Jonathan Stock, USGS Innovation Center director.

Moving 435 employees out of this sprawling campus of eight-plus structures will be a Herculean task. Offices will start moving out in 2017. Laboratories will take years to re-locate. Some of the cost savings will be invested in next generation instrumentation to continue developing an earthquake early warning system and to monitor climate and sea level changes." (visit link)

Type of publication: Internet Only When was the article reported?: 09/20/2016 Publication: ABC 7 Article Url: [Web Link] Is Registration Required?: no How widespread was the article reported?: regional News Category: Politics

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