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As much as $25 billion were issued in 2019 through privately backed Chapter 68 bonds over a 35-year period for the potential project.
Founder and Editor, The Tech Capital
2 Mins
December 21, 2021 | 1:00 AM GMT
Google has taken a major step towards what potentially could become one of the largest data centre developments in Central US.
According to the Kansas City Business Journal, the company has acquired a 236.4 acres piece of land in Kansas City‘s Northland, Missouri, adding to the company’s already owned 78.9 acres that were acquired in 2019 by Shalerock LLC, a vehicle which Alphabet Inc. (Nasdaq: GOOGL) has used to carry out the transactions.
A Google representative said: “Google has acquired property in Kansas City, Mo., for a potential data centre.
“While we do not have a confirmed timeline for development for the site, we want to ensure that we have the option to further grow, should our business demand it.”
Google’s intentions to erect a facility in Kansas were first reported in July 2019. At the time, and under the code name of “Project Shale”, the company was chasing a potential US$600 million investment to build a phase 1 data centre on the 78.9 acres.
With the newly acquired land which brings the site to more than 315 acres, should Google pursue its intentions to build a facility, the cash commitment could ascend the $1.8 billion.
In 2019, the Port Authority of Kansas City authorised the issuance of up to $25 billion in privately backed Chapter 68 bonds over a 35-year period, providing for property tax exemption.
However, officials said at the time there were no indications the public cloud giant would seek to invest such value in the project.
Founder and Editor, The Tech Capital
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