Are Tech Firms Bringing Back the Company Town?

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Oct. 4 (Bloomberg) -- Facebook is working with a developer to build a $120-million rental housing community near its Menlo Park headquarters. Jon Erlichman reports on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

This housing development.

Is facebook alone in bringing back the company town?

At stanford they have built communities in the past for employees who are there.

It's pretty unusual.

Dorms?

For the employees that are working on the campus.

The most common thing are these interest-free loans for tech companies give to high-level people or people they want to allow them to buy homes.

There isn't a lot of inventory in menlo park, and there isn't a lot of areas surrounding where they would be able to do something like this.

There you go.

This is the plan.

That is quite the perk indeed.

Twitter looking at more office space in san francisco.

Does facebook feel the need to stay competitive in san francisco?

If feels that way, when you have 25-year-olds or 26-year- olds who are willing to put in long hours but don't necessarily want to stick around if there isn't a lot to do nearby.

That is definitely one of the factors out there.

You're competing with those tech companies based in san francisco right down the street from you.

Now is a great moment, the bwest byte.

This text has been automatically generated. It may not be 100% accurate.

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