Results 1 to 3 of 3

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple Moving Ahead with $300 Million Austin, Texas Campus Expansion

  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,850
    Thanks
    17
    Thanked 1,481 Times in 567 Posts

    Default Apple Moving Ahead with $300 Million Austin, Texas Campus Expansion


    As MMi reported back on March 9th, 2012, Apple has for some time now been planning to spend upwards of $300 million on a new Austin, Texas-based campus expansion.

    After hitting more than a few snags along the journey, the fact that Apple will create 3,600 new jobs allowed the tech giant to reach favorable terms with local officials regarding the creation and maintenance of this sprawling proposed facility. In return for the new job-making machine coming to down, Apple will receive approximately $37 million in tax incentives over the next ten years.

    With all the kinks worked out, on Wednesday morning, news surfaced that Apple has begun the process of building its dazzling new campus. The first hurdle Apple has jumped is land acquisition. Not surprisingly, Apple needs a whole lot of space to bring this campus to fruition. And a lot of real estate is exactly what Apple just purchased.

    Records at the Travis County Clerk’s Office show that McShane Development Co. LLC, through its Riata Vista LP entity, sold three tracts of land to Apple on June 21. The exhibits indicate that the land is in the Milwood Section 20 subdivision near Parmer Lane and Delcour Drive.
    If you're expecting to see the new campus any time soon, don't hold your breath. As of this writing, it isn't expected that the expanded campus will be up and operational for quite some time. In fact, Apple isn't obligated to create all 3,600 new jobs until 2025 at the very latest.

    Source: Austin Business Journal

  2. #2
    Livin the iPhone Life KraXik's Avatar
    Join Date
    Mar 2011
    Location
    Winchester, UK
    Posts
    2,634
    Thanks
    2,684
    Thanked 1,757 Times in 894 Posts

    How big is a 'tract of land'?

  3. #3
    If I had a nickel... thazsar's Avatar
    Join Date
    Jan 2010
    Location
    Dallas, TX
    Posts
    4,893
    Thanks
    951
    Thanked 3,184 Times in 1,366 Posts

    Can't wait to see this place when it's all done! I'll have to make the trip for its Grand Opening (if there is one)!

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •