Last November, MMi reported that Apple's huge contract with the Metropolitan Transportation Authority (MTA) to put an Apple Store in New York City's Grand Central Station was rumored to give Apple a significant advantage over other potential occupants hoping to move their retail outlets into the space.
At that time, The New York Post reported that Apple's lease is "well below what many other tenants are paying" — including a future Shake Shack burger establishment.
On Monday, new details came to light about this controversial deal to bring the Apple Store to Grand Central Station.
The Metropolitan Transportation Authority gave the iPad maker an unfair edge last year as Apple ruthlessly bid for its prime retail perch overlooking Grand Central Terminal, according to a scathing new report obtained by The Post.
Although its understandable why preferential treatment would be given to Apple, the MTA denies favoritism was shown. “This audit is not fact-based, and, accordingly, their opinion is worthless,” MTA Chairman and CEO Joseph Lhota said in a statement following publication of the audit's harsh findings.
Source: NY Post