As per agreement Apple has gotten the final approval for its spaceship campus from the Cupertino City Council. In return for this favor, Apple will have to pay a higher tax rate. In the past, half of the sales taxes received from Apple products were refunded right back. But now only 35% of these will be given in return.
In other words, the terms of the novel agreement are quite different from the earlier version. The brand new campus is going to be given the go-ahead signal from the Mayor who is reported to have said “Go for it!” after the final agreement. The environmental impact of the sprawling spaceship campus was one of the main reasons for the higher amount of tax that Apple had to pay.
Cupertino Mayor Orrin Mahoney said in an email, "This item was one of many negotiated between Apple and the city of Cupertino as part of the development agreement. The Apple 2 campus is expected to have long-term impacts on the city with respect to traffic and other issues and Apple agreed to a financial offset for some of those impacts."
While the greater amount paid by Apple won’t affect it in any way, it will be a major contribution to the welfare of the Cupertino City Council. The new campus will be complete by the year 2016. The older landscape comprises 176 acres of land which has to be cleared of trees and buildings. Only then will work on the new campus begin.
The 2.8 million square foot circular spaceship will have four floors and a vast parking space in the basement. Only 20% of it will be composed of concrete. And with over 14,200 employees working inside the complex, the productivity of Apple will surely skyrocket.