Apple will be spending $4-million dollars to renovate a triangle in a run-down area in Chicago. This area is next to its future Halsted Street retail store. The agreement was signed on 19 August with the Chicago Transit Authority to use that money to add subway access to that area.
“In the agreement approved at an August 19th Chicago Transit Board meeting, in exchange for the improvements the CTA will lease the bus turnaround to Apple at no cost for 10 years, with options on four, five-year extensions. The CTA will also give Apple “first rights of refusal” for naming the station and placing advertising within the station, if the CTA later decides to offer those rights.”
Chicago officials hope that this will bring developersand other shops to this run-down part of the city. I wonder what Apple will call the renovated subway station: iTrain, iMode, or iLuvApple. Regardless of the name, it’s great that Apple is doing this because they are helping Chicago and creating new jobs.