Mac and iPod maker Apple can't bear to be neighbors with a crumbling subway station, so it's investing about $4 million to spruce up the station house and platform levels of the Red Line's North/Clybourn station. The station is adjacent to an Apple store slated to open in the fall of 2010 at North and Halsted.
Plans call for Apple to spend about $1.8 million for work on the exterior of the building at North and Clybourn, and about $2.1 million to reimburse the CTA for design construction management and other construction costs. The CTA will rehab the platform level and station interior, while Apple will do the building exterior work.
The ifoAppleStore blog posted a copy of the ordinance on its site as well, which was approved at the August board meeting. Under the agreement, "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."
While this is a step in the right direction for getting additional non-fare revenue, I don't think this deal is going to help us very much in filling the 2010 budget deficit. Construction won't be done till later next year, and then Apple might exercise its option for naming rights and exclusive advertising at the station. That's not to say I'm not grateful to see Apple step up and invest in this run-down station.