The estimated cost of Apple's new campus in Cupertino, Calif., has skyrocketed from $3 billion to $5 billion over the last two years, according to Bloomberg Businessweek.
Apple Chief Executive Tim Cook had previously said the completion of the campus had been delayed from 2015 to 2016. The Bloomberg report, citing unnamed sources, said part of the reason for the delay was that Apple was working with its architect, Foster + Partners, to cut $1 billion off the cost.
The huge cost overrun is due to many of the extravagant features that cofounder Steve Jobs wanted for the new headquarters.
These include ensuring no seam or gap be visible on the building, using an expensive maple wood for the interior, and using large, curved glass panels for the windows that would have to be made in Germany and shipped to California.