USD/BTC = $79,746 Block 891,823 TL:DR

A multi-billion dollar data center could be coming to a 107-acre property in northwest Fort Worth. The land, located near the intersection of North Saginaw Road and Hicks Field Road, is already zoned for heavy industrial development. The five-building data center campus would be an over $2.1 billion capital investment for global infrastructure developer ACS Group.

The Madrid, Spain-based company has helped build a number of high-profile properties, including the world’s tallest building, the Burj Khalifa, and Los Angeles’ SoFi Stadium. ACS Group’s subsidiary, construction company Turner, worked on the expansion of TCU’s Amon G. Carter Stadium, as well as a number of facilities at the University of Texas at Austin.

The Fort Worth data center project would add 37 full-time jobs with average annual salaries of at least $150,000 by the end of 2034. An economic incentives package for the project was presented to the Fort Worth City Council at a work session meeting on Tuesday afternoon.If approved by the council at an April 8 meeting, the city would offer ACS Group a 10-year tax abatement. Cherie Gordon, a city economic development coordinator, said the project’s exact footprint could change before it breaks ground, though it would still have multiple buildings and be located on the 107 acres. The city estimates the project could create $57.9 million in new tax revenue, which would eventually recoup the tax breaks.

Northwest Fort Worth is a hotspot for new residential development. Homebuilders Lennar and D.R. Horton have added communities with hundreds of homes to the area. Matthew Carter, senior vice president for digital infrastructure at ACS Infrastructure, said the company is trying to maintain a physical gap between residential areas and the facility to minimize potential noise. “Data centers do have some noise, there’s no doubt about that. We are very cognizant of that, our design has much less noise than most,” Carter said. Machinery at data centers can sometimes cause noise pollution, though the impact varies. They also require huge amounts of energy to run; data centers are expected to consume between 6.7% and 12% of the country’s energy by 2028. Data centers need large amounts of water to cool servers and other components.

Carter said the facility will only take on new water at its start, using a loop system to recycle water used for cooling. Texas has the third-most data centers of any state, and its market is rapidly expanding. The Metroplex is home to roughly 141 data centers, including Meta’s $1 billion campus in far north Fort Worth.

More socialism for big tech! All in the name of growth and jobs. A ten year tax break is crazy. I am unsure if this passed the local government vote but I’m almost certain it will everyone wants data center.