Apple Headquarters Budget Balloons to $5 Billion (Report)
The budget for Apple's new four-story space ship-style campus, which Steve Jobs envisioned as "the best office building in the world," has ballooned from $3 billion to almost $5 billion, Bloomberg Businessweek reports.
In that estimation, the Cupertino, Calif., complex, dubbed Campus 2, would outspend the project to rebuild the World Trade Center, which is costing $3.9 billion. Apple CEO Tim Cook has delayed the move-in date from 2015 to 2016; the company will begin to raze some 26 buildings on the grounds in June.
According to the magazine, which cites three sources familiar with the Apple endeavor, the postponement is partly because the company is working with the architecture firm Foster + Partners to trim $1 billion off the budget before breaking ground. In 2010, Jobs hired the firm, which revamped the Hearst Tower in New York City, and had ambitious and costly plans for the project including the addition of 6,000 new trees and 40-feet, floor-to-ceiling concave glass panes from Germany.
Plans reveal underground roads and parking garages, as well as the planting of 15 acres of California grassland and 309 species of trees with apricot, olive and apple orchards adding to the scenery in the courtyard inside the space ring.
"We have a shot at building the best office building in the world," Jobs said during a Cupertino City Council meeting in 2011. "I really do think that architecture students will come here to see it.”