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Businesses Apple

Apple Pauses Work On Planned North Carolina Campus (macrumors.com) 31

In 2021, Apple announced plans for a new $1 billion campus in North Carolina, set to include a new engineering and research center and support up to 3,000 employees. According to Lauren Ohnesorge of Triangle Business Journal (paywalled), Apple remains committed to the project, but the timeline has been delayed by four years. MacRumors reports: A limited amount of progress on the campus has been made since the announcement, and Apple has not provided updates on construction until now. Apple told Triangle Business Journal that it has paused work on the campus, and it is working with North Carolina Governor Roy Cooper and the North Carolina Department of Commerce to extend the project's timeline by four years.

Apple last year filed development plans for the first phase of construction, but the specific timeline for the project has never been clear. Apple's plans for Research Triangle Park include six buildings and a parking garage totaling 700,000 square feet of office space, 190,000 square feet of accessory space, and close to 3,000 parking spaces spanning 41 acres. Apple owns 281 acres of land in the area where it plans to build its campus, so there could ultimately be several phases of construction. As it prepares to build the NC research center, Apple is leasing more than 200,000 square feet of office space in Cary, North Carolina.
In a statement, Apple said it is still committed to the project: "Apple has been operating in North Carolina for over two decades. And we're deeply committed to growing our teams here. In the last three years, we've added more than 600 people to our team in Raleigh, and we're looking forward to developing our new campus in the coming years."
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Apple Pauses Work On Planned North Carolina Campus

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    • Of course it does.

    • by Anonymous Coward

      Can't get a tax break if you don't pay tax. Big brain move.

      • Not true!!

        Plenty of assholes in the US get a refundable tax credit and GET MONEY while paying no federal income tax.

        Motherfuckers!

    • by ShanghaiBill ( 739463 ) on Wednesday June 26, 2024 @09:50PM (#64581245)

      NC is giving Apple $845M in tax incentives.

      In addition, Wake County, where Raleigh is located, is giving Apple a 50% property tax exemption.

      The deal requires Apple to employ at least 3,000 new employees.

  • by oumuamua ( 6173784 ) on Wednesday June 26, 2024 @08:48PM (#64581163)
    People are going to guess it anyway, true headline: Apple pauses work on new campus to see if AI does indeed replace most of its workers
    in which case the money is better spent on a new datacenter
    • Once the truth about AI sets in, it won't be replacing very many high-tech workers. It will not solve all of a company's problems without them having to do the hard work of understanding their own business.

    • Or theyâ(TM)re struggling to retain labor willing to work in an office.

      • by Junta ( 36770 )

        Or the notion of this campus in the first place was an expensive vanity project without much practical need.

        Or the draw down of a lot of office space in the area meant plenty of pre-built options exist that are "good enough" and now cheap.

    • by DarkOx ( 621550 ) on Thursday June 27, 2024 @07:40AM (#64582077) Journal

      I think its much more likely:

      Apple pauses work on new campus because they see WFH trends are sticky.

      While they might need a research facility where 300 engineers have a labs, and perhaps another few hundred techs and maintenance people are needed to support them, its not 3000. The rest of that support staff could be WFH, and the 'best' people will chose to be. So now apple has to find away to satisfy their agreements with the County, while not fouling up their ability to staff.

      A friends employer started a new campus right as COVID hit. They had similar tax brakes in the city they are head quartered in. Just a few weeks ago everyone who lives with 50miles of the office space found out they lost the lottery. They will officially be assigned a desk and the official policy (all thought its pretty clear nobody plans on tracking or enforcing it) will be they have to use it at least 1 day a week. There employment location will be reported as $CITY and they will be paying income taxes in $CITY either as a non-resident, resident whatever the case may be and however their own locality does tax SALT/reciprocity. I know for my buddy he was pretty ticked because he expects that is a 4-digit increase in tax liability for him.

      Why because they company made tax deal with $CITY to employee at least X people, and COVID era waiver and delays on enforcing those terms are expiring.

  • Maybe our crazy-ass inflated housing prices will come down. A 1000 sq ft house on 1/6 of an acre that I sold in 2000 for $140k is now valued per Zillow at $850k.

    • Huh? What does this have to do with Apple's office construction plans?

      • What does this have to do with Apple's office construction plans?

        The new jobs will be in Raleigh instead of Cupertino.

        From Zillow:

        Average home in Raleigh: $448k.

        Average home in Cupertino: $3,060k.

        • Poster did not state that he lives in the area of the proposed Apple campus, so the connection was not clear.

      • They are implying their previously low cost-of-living area is becoming a HCOL area because of Apple's expansion. The local real estate market is adjusting to account for an influx of people making high Apple-corporate salaries. Everyone who doesn't already own a home or work for Apple doesn't matter.

        Similar issue to my area. I live in a college town, so all the landlords price their apartments with they idea they will be renting them out to out-of-state undergrad students... or their parents to be more accu

        • by DarkOx ( 621550 )

          We are talking about Research Triangle Park. Its the tech hub of the mid-atlantic. This is already a place where mega corps in Si/bio-med/Finance industry are the major employers.

          I hard think 3000 prospective Apple employees is really all that disruptive to prices in the region.

  • by methano ( 519830 ) on Wednesday June 26, 2024 @09:59PM (#64581251)
    This reminds me of that super sized research center that Dell was gonna build in NC and changed their mind. And that Vietnamese car maker, VinFast. They're slow walking that big manufacturing facility in Chatham county. Somehow it seems that somebody is getting rich on lining these things up, but is long gone when they don't materialize.
    • by adrn01 ( 103810 )
      I wonder if NC's new anti-abortion law has anything to do with Apple slowing construction down. I'd imagine Apple has at least a few female R&D folk.
  • New company campuses henceforth will consist of single family homes or apartments.

A triangle which has an angle of 135 degrees is called an obscene triangle.

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