“Tech giant Apple has inked a 10-year deal with the MTA to open its largest store in the world in Grand Central Terminal,” Jennifer Fermino reports for The NY Post.
“The 23,000-square-foot store will take up Grand Central’s north and northeast balconies, displacing Charlie Palmer’s Metrazur restaurant, according to MTA documents,” Fermino reports. “The MTA is estimating that the deal will bring it a minimum of $5 million in profits.”
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Fermino reports, “The transit agency will ask its financial committee to approve the deal Monday. If it passes as expected, the deal will go to the agency’s board of directors Wednesday for a final OK.”
Read more in the full article here.
MacDailyNews Take: I give [Apple] two years before they’re turning out the lights on a very painful and expensive mistake. – David Goldstein, Channel Marketing Corp. President, commenting on Apple’s opening of retail stores, May 21, 2001
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