Monday June 17, 2019

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DiNapoli Says Apple Had Unfair Advantage Winning GCT Store

Image representing Apple as depicted in CrunchBase

Image via CrunchBase

According to the New York Post, the MTA gave Apple an unfair edge last year in its bid for the prime retail location overlooking Grand Central Terminal. As stated in the audit by state Comptroller Thomas DiNapoli, Apple set a daunting hurdle for rival bidders to clear in a tight, 30-day window — namely, that they were willing to front $5 million in cash. Apparently Apple had been in private talks with the MTA for more than two years leading up to the bidding process. Though Apple is paying four times what former renter Metrazur had been paying, they won the space without agreeing to share a percentage of its sales with the MTA – the only retailer in the location not to secure such a deal.

Apple declined to comment, however MTA officials blasted the report, accusing DiNapoli’s office of “overt bias against the MTA and Apple.”

  • PLEASE,PLEASE,PLEASE, Name any retailer,restaurant, that creates the traffic that Apple has brought to GCT it’s a win for every business in the area as well as the city of New York. As the mayor has stated and I’m sure the governor would agree besides taxes it has revitalized 42 street east.