Apple has received final approval from the City of Cupertino to build Apple Campus 2. City Council unanimously voted to approve the project today, reports MacRumors. "Go for it," said Cupertino Mayor Orrin Mahoney. "We're eager to see it happen. Go for it."
Apple will receive its full set of building permits tomorrow. It's already received ancillary permits to begin demolition of the former HP campus on the site.
Notably, as part of the final agreement, Apple agreed to a reduction in the sales tax rebate it receives from the city. Previously, Cupertino refunded 50% of the sales taxes it received from Apple purchases back to the company. That rebate has now been reduced to 35%. Based on 2012 numbers, that would give the city an extra $1.8 million in revenue.
The City of Cupertino Resolution No. 13-084 approves the following permits for Apple Campus 2:
● Development Permit to allow the demolition of approximately 2.66 million square feet of existing office, research and development buildings and the construction of 3.42 million square feet of office, research, and development buildings; 120,000 square feet (1,000 seat) corporate auditorium, 100,000 square feet corporate fitness center, and 25,000 square feet Valet Parking Reception uses; 92,000 square feet of utility plants; and associated parking facilities and ancillary buildings (such as security reception areas and landscape maintenance buildings) (DP-2011-04); and
● Use Permit to allow a corporate auditorium and fitness center at a new office, research and development campus (U-2011-11); and
● Architectural and Site Approval to allow a new 2.82 million square foot office, research and development building with 2,385 basement parking spaces and a cafeteria, a 5,870 parking space structured parking facility with attached Central Plant, a 1,000 seat corporate auditorium, a fitness center, and associated site improvements including access tunnels, a surface parking lot, outdoor dining and recreational facilities and landscaping; (ASA-2011-14); and
● Tree Removal Permit to allow the removal of approximately 3,710 trees, of which, approximately 90 trees are proposed to be transplanted, and replacement with at least 6,200 trees to allow the construction of an office, research and development campus (TR-2011-39);
Apple is expected to complete the first phase of construction by 2016. Click here for a look inside the campus.
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Apple will receive its full set of building permits tomorrow. It's already received ancillary permits to begin demolition of the former HP campus on the site.
Notably, as part of the final agreement, Apple agreed to a reduction in the sales tax rebate it receives from the city. Previously, Cupertino refunded 50% of the sales taxes it received from Apple purchases back to the company. That rebate has now been reduced to 35%. Based on 2012 numbers, that would give the city an extra $1.8 million in revenue.
The City of Cupertino Resolution No. 13-084 approves the following permits for Apple Campus 2:
● Development Permit to allow the demolition of approximately 2.66 million square feet of existing office, research and development buildings and the construction of 3.42 million square feet of office, research, and development buildings; 120,000 square feet (1,000 seat) corporate auditorium, 100,000 square feet corporate fitness center, and 25,000 square feet Valet Parking Reception uses; 92,000 square feet of utility plants; and associated parking facilities and ancillary buildings (such as security reception areas and landscape maintenance buildings) (DP-2011-04); and
● Use Permit to allow a corporate auditorium and fitness center at a new office, research and development campus (U-2011-11); and
● Architectural and Site Approval to allow a new 2.82 million square foot office, research and development building with 2,385 basement parking spaces and a cafeteria, a 5,870 parking space structured parking facility with attached Central Plant, a 1,000 seat corporate auditorium, a fitness center, and associated site improvements including access tunnels, a surface parking lot, outdoor dining and recreational facilities and landscaping; (ASA-2011-14); and
● Tree Removal Permit to allow the removal of approximately 3,710 trees, of which, approximately 90 trees are proposed to be transplanted, and replacement with at least 6,200 trees to allow the construction of an office, research and development campus (TR-2011-39);
Apple is expected to complete the first phase of construction by 2016. Click here for a look inside the campus.
Read More