Lakeland: Cleveland, Ohio
The City of Cleveland has rejected a $1.6 billion proposal by private credit firm Lakeland Equity Group to build a massive hyperscale data center campus.
Lakeland is a private credit firm specializing in real estate investment, with a primary focus on providing capital to projects and sponsors facing funding gaps or equity shortfalls. The firm targets financial shortfalls ranging between $1 million and $10 million, maintaining a flexible approach that spans almost any asset class on a national scale.
The City of Cleveland has rejected a $1.6 billion proposal by private credit firm Lakeland Equity Group to build a massive hyperscale data center campus.
October 21, 2026 Cleveland
Cleveland City Council voted on the night of Oct. 19 to extend the city's moratorium on new data centers through Jan. 29, 2027, or until council enacts permanent rules. The extension keeps zoning permits and occupancy certificates frozen for new standalone data centers and also covers...
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