Phoenix to vote on $500 million data center expansion

 

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“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ 

 

May 5, 2017, Mike Sunnucks and Hayley Ringle, Phoenix Business Journal.

Phoenix is a top U.S. market for data centers for big technology, wireless and financial companies.

The Phoenix City Council is slated to vote next week on a development deal with IO Data Centers LLC for a big expansion of its data center campus.

IO Data Center has a $200 million data center campus at Van Buren Street and the Loop 202 freeway.

It wants to expand that development at 48th and Van Buren streets in east Phoenix. IO bought land at that site for the expansion.

In February, the Phoenix Business Journal reported on IO’s plans for the expansion pegged at as much as $500 million with a three-story data center.

The expansion is slated for 500,000 square feet of additional data center space, according to city documents.

The city council is considering a $359,000 outlay to do infrastructure improvements on that land and will vote on it at its May 10 meeting.

Phoenix is a top U.S. market for data centers for big technology, wireless and financial companies.

IO officials could not immediately be reached for comment Friday.

Mike Sunnucks writes about stocks and financial markets, real estate, government and sports business.

See it all: http://www.bizjournals.com/phoenix/news/2017/05/05/phoenix-to-vote-on-500-million-data-center.html?ana=e_ae_set1&s=article_du&ed=2017-05-05&u=gSklYpPXQRpogm%2FYl2twnQ09b2fd52&t=1494202460&j=78105431

 

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Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

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