REDWOOD CITY, Calif. /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that Google has selected Equinix for its Los Angeles area cable landing station (CLS) supporting the Curie subsea cable system, the first subsea cable to Chile...
Country: United States
Region: North America
Address: New Albany, OH (Address is Approximate)
Montauk Innovations LLC, a subsidiary of Google, acquired the parcel in 2018 in the New Albany International Business Park.
The potential data center would be on a 447-acre site on the west side of Beech Road, south of the state Route 161 interchange. The project could cover about 275,000 square feet when it is finished.
Google announced it will build a $600 million data center on the property.
Taxes and Incentives
Montauk Innovations (Google) would be required to generate a minimum of $750,000 in annual revenue for the city per year beginning in 2021. In return, the municipal incentive package includes a 100 percent real property-tax abatement for 15 years and building and permitting-fee waivers of up to $250,000.
The Ohio Tax Credit Authority approved a 100 percent, 15-year data-center sales-tax exemption for the project, as well as announced on Dec 10, 2018 in a press release.