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Facebook Inc (FB) Planning For A $200 Billion Town For Its Employees

Plans are underway for the construction of a waterside town next to Facebook Inc (NASDAQ:FB)’s San Francisco headquarters according to The Daily Mail. The plan if approved by CEO, Mark Zuckerberg, will see Facebook’s 200-acre plot converted into a town with supermarkets as well as hotels and homes for the company’s 10,000 employees and their families.

Facebook Inc (FB), JetBlue Airways Corporation (JBLU)

The town dubbed ‘Zee-town’ after its owner will have its own access roads with some of the finest accommodation ranging from luxurious villas for the high-end class to dormitories for trainees. Money is not an issue for Facebook Inc (NASDAQ:FB) on the latest endeavor having already spent $400 million on a 55-acre industrial park near the Menlo Park in San Francisco.

Facebook plans for the ‘Zee Town’ lie in the hands of experienced architect Frank Gehry, who designed the striking Guggenheim Museum in Bilbao Spain. Facebook Inc (NASDAQ:FB)’s websites director of property, John Tennaes, has affirmed that the town will feature ‘real streets’ as well as public spaces for outsiders with provisions for random things to happen just as in other cities.

The $200 billion town is expected to feature buildings that perfectly blend with nature according to designs by Gehry with most of the offices having oak trees planted 40ft high roofs. Facebook Inc (NASDAQ:FB) hopes that the town will look like a grassy hill from the outside. Business writer, Sarah Goodyear, maintains that the proposed plans epitomize planning failures seen in California in the past three generations while avoiding connecting with real messy places.

Zuckerberg is unlikely to move to the new town once complete as he has a $10 million five-bedroom starter home just twenty minutes away from the site. The Facebook Inc (NASDAQ:FB) tycoon reportedly owns four houses on the same street and allegedly hires students as well as interns to sit in front of the houses in cars to reserve parking spaces.

Facebook Inc (NASDAQ:FB) will not be the first company to build a town as Cadbury family built Bournville after the need to move confectionery makers to a new site arose., Inc. (NASDAQ:AMZN) founder Jeff Bezos also has plans to build the company’s first settlement.

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