Fox News announced Wednesday that it has reached an agreement with a company that plans to build a $40 million office remodeled to resemble its current home office.
Fox News’ offices have been renovated several times since 2008.
Fox News President Bill Shine said the new remodeling will be “much more than just a renovation.”
It will be a “complete overhaul” of the building.
The company will also purchase a $2 million piece of property for the building, which will house the network’s new headquarters.
Fox said it expects to complete the renovations by the end of 2019, and the entire project is expected to cost about $40,000 per square foot.