Hertz spends millions to relocate

Hertz has started relocating its top executives from New Jersey to temporary office space in Naples and a recent filing shows how much the corporate relocation is costing the rental-car giant.

Hertz recently says that it spent $3.9 million in the quarter ending Sept. 30 for relocation expenses. For the first nine months of this year, it has spent $4.4 million.

In previous filings, Hertz estimated it might spend as much as $30 million to $35 million to move its headquarters from New Jersey to Estero. And that doesn't include construction of a new headquarters building in south Lee County, which economic development officials estimated at $69 million.