Apple has agreed to spend nearly $4 million to refurbish a run-down subway station adjacent to its future retail store on Halsted Street in Chicago. In exchange, Apple will receive from the Chicago Transit Authority (CTA) a free long-term lease on an unused bus turnaround dividing the subway station from the Apple store that will allow the company to turn the space into a landscaped public park.Apple will reportedly spend up to $1,789,000 on its own refurbishment of the exterior of the station building, while it will pay the CTA up to $2,108,000 to perform upgrades on the station's interior. The timeline calls for the work to be completed by September 30, 2010, suggesting an approximate opening date for the store, for which structural steel has already been erected.
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