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Published on April 10th, 2013 | by Mac Agenda

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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.

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