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Netflix to Expand in Los Gatos

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    NEWSLETTERS

    TK
    Do they stay or do they go?

    The Los Gatos Town Council voted Monday night to approve expanding a controversial business park, to allow Netflix more space for its growing movie rental business.

    The vote was 4-1 to approve a modified Albright Business Park across from Highway 85, according to the Mercury News. Instead of the 550,000 square feet that developer John Shenk wanted, the council approved 485,000 square feet. Vice Mayor Steve Leonardis was the lone "no" vote.

    Netflix, after a well-publicized stumble, has long wanted to move out of its current headquarters in Los Gatos, and get some new, bigger digs. The company wants to expand to an area not far from its current headquarters, but stay in Los Gatos. The company isn't getting specific, but any expansion would presumably come with new hundreds of new jobs, which would mean lots of new tax revenue for Los Gatos.

    Netflix Seeks to Remain in Los Gatos

    [BAY] Netflix Seeks to Remain in Los Gatos
    Netflix is seeking to remaing in Los Gatos, but hasn't yet secured permits for a larger structure within the city limits. Scott Budman reports.

    NBC Bay Area's Scott Budman contributed to this report.