Apple Inc. (AAPL) said the construction of a new spaceship-like headquarters with a circular design in Cupertino, California, won't be completed until mid-2016, later than originally projected, as the company revises its plans.
Pictured: An aerial rendering of the planned Apple Computer headquarters in Cupertino, California is shown in this undated photo released to the media on Aug. 3, 2012.
The iPhone maker included the new timetable in an updated proposal it submitted to the city on Nov. 14. While Apple, the world's largest company by market value, had wanted to break ground on the 176-acre campus this year, the city may not complete its environmental impact report until June, and Apple may not be able to start work until 2014.
"They could conceivably break ground in 2013, but only if everything goes smoothly," said David Brandt, Cupertino's city manager. That depends on the city council approving the project quickly, and on residents not filing legal challenges. "The project is running a little bit slow."
Apple notified the city in August that it planned to update its proposal in September. By filing in November, possible approval in early 2013 became unrealistic, said Brandt. In its original plan, the company said it envisioned moving in by 2015.
The new site, dubbed Apple Campus 2, "will be a new home for our company and an important part of the lives of more than 12,000 Apple employees," said Amy Bessette, a spokeswoman for Apple. "With that in mind, we have approached this project with the same care and attention to detail we pay when designing any Apple product. We look forward to moving the project forward with the city and beginning construction."
SOURCE: Peter Burrows