Latest in Apple

Image credit:

Apple Campus 2 receives final approval


"Go for it." With those words, Cupertino Mayor Orrin Mahoney gave final approval for the construction of a new Apple campus in his city. Apple will receive its full building permits on November 20 and thereby be free to begin stage one of development.

Phase one includes the construction of the soon-to-be-iconic 2.8-million-square-foot, circular main building, a 100,000-square-foot fitness center and a massive 120,000-square-foot auditorium. A parking garage capable of housing about 2,400 vehicles will also be built, but it will be underground and hidden from sight.

As part of its construction arrangement, Apple has agreed to a reduction in the sales tax rebate it receives from Cupertino. Now, the city will refund 35 percent of sales taxes it receives from Apple-related purchases, as opposed to last year's 50 percent.

This is exciting news for Cook and the gang, who are now free to begin this project in earnest.

From around the web

ear iconeye icontext filevr