A video of Apple CEO Steve Jobs' discussion of Apple's plan to build a second 50-acre campus in Cupertino with the local city council has been released.
In the video, Jobs explains the decision has been driven by the massive growth in Apple's business. "What's happened at Apple is that our business has basically tripled in the last five or six years," Jobs explains.
"We've rented every scrap of building we can find in Cupertino to put our people, and they just keep getting further and further away from the campus, which is -- the whole situation's pretty inefficient and frustrating," Jobs stresses.
He explains that design and construction will take three to five years, expresses his happiness to have found a way to keep Apple based in Cupertino, and hints at a need to persuade the council to cooperate in future planning permissions.
"I think we found a way to stay in Cupertino," Jobs says, "and since we're your largest taxpayer, I thought you might be happy."
City council member, Patrick Kwok, responds: "Mr. Jobs, I think Apple has always been an integral part of Cupertino. We appreciate all the efforts you put in in Cupertino, and we look forward to continuing to work with you on a win-win type of situation. And congratulations to your anniversary."
"Thirty years, can you believe that? We're getting old," Jobs responds.
The video is available to view here.