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Business

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California city OKs Apple campus plan

Apple's plans for a massive new campus in Silicon Valley that co-founder Steve Jobs likened to a spaceship have cleared a major hurdle.

The City Council in Cupertino, where Apple's headquarters is, unanimously approved the estimated $5 billion project last week.

Plans call for nearly 3.5 million square feet of new office space, a 1,000-seat auditorium and a fitness center on the 176-acre campus. Apple would demolish existing office and research and development buildings.

The main, ring-shaped building would comprise more than 2.8 million square feet alone. The project is expected to be completed in 2016.

Apple now employs about 16,000 people in and around Cupertino.

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