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Should Metropolitan Transportation Authority officials give their approval on Wednesday, visitors to Grand Central Terminal will soon have a chance to pick up an iPad before catching the train. A couple of renderings of the new store were released today.
The proposed store for the train station would be located near the terminal's east staircase. If officials give the go ahead, Apple plans to start construction immediately. The expected time frame for completion would take about four months.
Interestingly, not only is Apple paying Charlie Palmer's Metrazur restaurant $5 million to vacate its space on the terminal's east balcony more than eight years in advance before their lease expires, but the MTA will also see much higher rent revenue. The MTA used to receive $263,997 from Metrazur, and will now net $1.1 million from Apple instead.
"It maintains Grand Central as the iconic structure and place that it is," said Metro-North President Howard Permut at a meeting of the MTA board's railroad committee. That committee covers Metro-North, which runs the terminal.