Published on April 10th, 2013 | by Mac Agenda0
Steve Jobs’ ‘fit & finish’ build quality leading to massive over costs for new Apple Campus
In a lengthy report today, Bloomberg Businessweek takes a look at Apple’s upcoming “spaceship” campus in Cupertino, noting that the project is currently one year behind schedule and roughly $2 billion over budget.
Since 2011, the budget for Apple’s Campus 2 has ballooned from less than $3 billion to nearly $5 billion, according to five people close to the project who were not authorized to speak on the record. If their consensus estimate is accurate, Apple’s expansion would eclipse the $3.9 billion being spent on the new World Trade Center complex in New York, and the new office space would run more than $1,500 per square foot—three times the cost of many top-of-the-line downtown corporate towers.
According to the report, Apple is working to shave $1 billion from the cost of the project before beginning construction.