Apple continues $304M Austin, Texas campus expansion with land purchase

Last time we checked Apple’s plans to bring 3,600 jobs to Austin, Texas with a $304 million investment and the construction of a new campus, the company received approval on the last of several major incentives from city officials. The approval officially initiated an Economic Development Agreement between Apple and the city, but the project was still not 100 percent confirmed.

Reports originally said Apple would build the new campus on 38 acres at West Parmer Lane and Delcour Drive, and today’s report from AustinBusinessJournal confirmed Apple recently purchased land near the address:

Records at the Travis County Clerk’s Office show that McShane Development Co. LLC, through its Riata Vista LP entity, sold three tracts of land to Apple on June 20. The exhibits indicate that the land is in the Milwood Section 20 subdivision near Parmer Lane and Delcour Drive.

The report did not offer any information about how much Apple paid for the land, but the purchase is a good indication Apple is going ahead with its new Austin campus. According to AustinBusinessJournal, McShane CEO James McShane released a press release yesterday on its new vice president who helped make the deal with Apple:

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Apple frustrated with Austin incentive delays, new campus plans remain ‘in peril’

The last we heard, Apple’s plan to build a new $304 million campus and add up to 3,600 new jobs in Austin, Texas was all but a done deal with city officials last month after they approved an $8.6 million incentive to be handed out over 10 years. At the time, Apple was still waiting on additional incentives from Travis County officials, but today local reports from Statesman claimed Apple is growing frustrated with delays. Senior Vice President for Economic Development at the Greater Austin Chamber of Commerce Dave Porter said Apple’s deal to move into Austin is “in peril”:

“This deal is not done. It remains in peril. And Apple is frustrated… We were disappointed (the deal) wasn’t finalized this past Tuesday, but we were hopeful this next Tuesday that Apple and the county can complete the negotiation process and have that behind us… We remain hopeful that will take place and there will be a positive vote on Tuesday.”

In total, Apple would receive roughly $36 million over 10 to 15 years as part of the deal. Approximately $6.4 million is supposed to come from Travis County. The report explained the reasons behind the County delaying approval of the incentive:
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Austin cements itself as Apple’s ‘second city’ with approval of $8.6M incentive

We reported earlier this month that Apple was waiting on city officials from Austin, Texas to decide whether to offer the company an $8.6 million incentive over 10 years as part of Apple’s proposal to invest $304 million in a new campus. The Texas Enterprise Fund is already kicking in $21 million over 10 years as part of the deal, and last night the City Council unanimously approved the $8.6 million in incentives. According to a report from KXAN, this will initiate “the negotiation and execution of an Economic Development Agreement with APPLE INC,” but Travis County officials are still weighing the decision to offer Apple an additional $6 million in real estate related incentives…
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Apple waiting on city incentives for $304M Austin campus expansion, considering Phoenix instead

Earlier this month, we told you Gov. Rick Perry announced plans to double the size of Apple’s workforce in Austin, Texas with an investment of $304 million that would add up to 3,600 jobs. Apple will receive $21 million in incentives over 10 years through the Texas Enterprise Fund as part of the deal. According several reports from KVUE News and Austin news website Statesman, Apple representatives met with Austin City Council officials today for a formal proposal.

The plan would see Apple building up to 1 million square feet of new office space taking up approximately 38 acres at West Parmer Lane and Delcour Drive. As we reported before, the new jobs would mostly be administrative positions. As part of the deal, we also learned that City Council would offer Apple an extra $8.6 million over the 10-year period, but Apple is still apparently waiting for the City of Austin to come to a decision on whether to offer an incentive.

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Apple invests $304 million to add 3,600 new jobs in Austin, Texas

Image via Flickr user Glen Engel-Cox

Apple may not be hosting a temporary store this year at SXSW in Austin, Texas, but it is investing $304 million to increase its presence in the state by up to 3,600 employees. According to a statement from the State of Texas and Gov. Rick Perry, Apple’s new Austin campus will “double the size of Apple’s workforce” in the state for customer support and other administrative positions over the next decade. In exchange, cash-strapped Apple will benefit from $21 million over 10 years through the Texas Enterprise Fund. While it is mainly administrative positions mentioned in the statement, we reported in December that Samsung’s new $3.6 billion factory in Austin is now producing almost only Apple’s A5 chip for iPhone 4S and iPad 2. Gov. Perry said the following about today’s announcement:

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