The Grand Central Apple store is n’t even undefendable yet and it ’s already becoming a monumental headache for New York . First was itsgarish TV frontal . Now comes word that Apple ’s lease on the space isjobbing the city ’s transportation system departmentout of a crew of revenue .
https://gizmodo.com/apples-grand-central-store-will-make-new-yorks-worst-pl-5862255
Apparently , Apple strong - armed its room into a lease earmark it bound off out on the tax income sharing clause that other tenants at Grand Central broadly agree to . The MTA , which operates Grand Central , observe it ’s actually bugger off about four times the split that it was antecedently . But its Bob Hope to supercede the lost gross communion income with whatever traffic boost the Apple fund provides seems speculative at best . Thing is , the MTA is hemorrhaging money at an untenable rate , so any extract of hard cash from an Apple deal helps . Apple knows this and is turning the shtup accordingly .
The sweetheart pot plausibly wo n’t do much to mess with New York as a whole — more Apple store have in mind more tax revenue — but for the cash - strapped horror show that is the MTA , it ’s a full downer . New Yorkers have had fare wage hike and religious service cutting off to cope with , so tidings that Apple ’s pay off a free ride while theirs is getting crappier and more expensive . It ’s one more example of Apple have it off over one of its partner ; just this metre , might be hard - lining you right out of your ride to work . [ NY Post ]
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