"We started Apple in my parent's garage 30 years ago thismonth--we started on April Fool's Day--and after about a year wemoved to Cupertino, and have been here ever since," he told theCity Council. "What's happened at Apple is our business hasbasically tripled in the last five or six years--from $6 billion insales to $20 billion in sales basically—and what that has meant isour headcount in Cupertino has dramatically expanded."

In response, Jobs said the company "rented every scrap ofbuilding we could find" in the city, but "we keep getting furtherand further away from our (headquarters) campus and the wholesituation is inconvenient and frustrating for people." As a result,he said the company decided "many months ago" that a new campus wasnecessary, "but we didn't think we could do it in Cupertino.

"But after looking at a lot of things, we found something inCupertino. It's a lot more expensive, but it was something where wecould stay in the area we like best, so we've actually gone aheadand acquired this property—actually nine separate properties—and byputting these together we can make approximately a 50-acre campusand put 3,000 to 3,500 people on it."