Apple Paid $1.7M For 1 Acre of Land

Apple [AAPL] is reported to have paid 1.7 million USD for 1 acre of land adjacent to its datacentre. The land was purchased from the Fulbright family who seem to essentially have got a blank cheque to write…

“They told us to put a price on it and we did,” Kathy Fulbright said. The Fulbrights initially paid just $6,000 for the land over 34 years ago. Now they live in a 49-acre property with a 4,200-squre foot house and a jacuzzi in the master bathroom.

With the introduction of Apple TV and other services, it seems like Apple is about to, or is ramping up its datacentre operations.

It is expected that the datacentre next to the land purchased will be finished by the end of the year. The video below shows a fly over of the DC being built.

Via: 9to5Mac