updated 01:26 pm EDT, Tue June 4, 2013
Touts benefits of Apple business, needed construction work
Apple has published a new report on the expected economic impact of its upcoming "spaceship" campus, known formally as Campus 2. The 64-page document (PDF) was assembled by Keyser Marston Associates for the City of Cupertino. It touts the benefits of Apple operations to the cities of Cupertino, Santa Clara, and Sunnyvale, as well as Santa Clara County. "With net annual sales in excess of $156 billion, 16,000 employees currently based in the Cupertino area, and annual purchases from local Silicon Valley-based businesses of $4.6 billion, Apple is a cornerstone of the Silicon Valley economy and of the fiscal resources of the City of Cupertino," one part of the report reads.
It also discusses the potential impact of construction work, including taxes and fees local agencies may collect. The campus was originally scheduled to debut in 2015, but earlier this year Apple delayed a move-in until at least mid-2016. Architectural firm Foster + Partners is believed to be coping with massive budget overruns that at one point hit $2 billion.