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Does the Gates Foundation Need a $500 Million Complex? some dude/some chick
Link #148950 submitted by dorian on Dec 26, 2009 10:25pm.   (+400XP)
http://blogs.wsj.com/wealth/2009/11/16/does-the-gates-foundation-ne...
The Bill and Melinda Gates Foundation has done ground-breaking work on such global problems as infectious disease and education. It has clearly made the world a better place as a result.  
But the foundation’s latest ground-breaking–on a new headquarters building–is bound to raise some eyebrows.  
According a blog post by Kristi Heim of the Seattle Times, the Gates Foundation is in the middle of building a 900,000-square-foot headquarters, comprised initially of two six-story, boomerang-shaped buildings on 12 acres near the Seattle Center.  
 
The estimated cost: $500 million.  
 
That is more than three times what nearby Russell Investments paid for its 42-story headquarters tower to house its staff of 900 and manage more than $200 billion in assets.  
Neighboring Amazon.com, with more than $19 billion in revenue and more than 20,000 employees, recently paid $700 million to lease about 800,000 square feet, with an option to double it.


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Comments: 3   Hits: 216   Points: 256   Rating: 8.0 / 5   [ 1 2 3 4 5 6 7 8 9 10 ]     Post Bookmark

I don't get
Posted by beaglebot on Dec 27, 2009 03:12pm

why this matters at all. It's a foundation set up by Gates, funded by By Gates, and I imagine if it needs a cash infusion he's the first one who's going to do it.  
 
"Need?" probably not, want, sure. And so what? Why is this the focus?

Reply

RE: I don't get
Posted by Dyskolos on Dec 27, 2009 04:16pm

Maybe, it's some kind of smug attack on a philanthropist by a publication that regularly prints editorials and op-ed pieces that imply there is some sort of communist conspiracy to undermine the nation.  
 
I'm going to be the subject of tonight's Two Minutes Hate on Fox News this evening...be sure to tune in...

Reply

RE: RE: I don't get
Posted by beaglebot on Dec 27, 2009 05:01pm

I'm you're right. It just hits that "say something about stupid so people don't confuse it with things that aren't stupid."

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