Thursday, December 1, 2011
Apple got a suspiciously great deal on its Grand Central space
An MTA spokesman argues that Apple's rent actually adds up to $180 per square foot once you factor in the $5 million Apple paid to buy out the space's previous tenant, Metrazur restaurant. He also points out that Apple has funded new infrastructure in Grand Central. But State Comptroller Tom DiNapoli has announced that he wants to look into the deal. "This is a prime property, " DiNapoli wrote in a statement released yesterday, "and I intend to make sure that the MTA hasn't given away the store. "