Sep 01, 2024 | Posted by Abdul-Rahman Oladimeji
American Towner-owned company CoreSite is planning to “rehabilitate and activate” an abandoned industrial site in Denver as part of a proposed tax agreement. The data center campus will span 600,000 square feet and create up to 75 new trades and technology-oriented jobs, according to a presentation by the Denver Economic Development & Opportunity (DEDO) office.
The 15-year agreement will “return 50 percent of sales and use tax generated by construction and sales activities directly associated with the site development and establishment of the data center campus, up to a maximum of $9 million, with the agreement ending once the agreed upon amount has been reached,” the presentation said.
The company first announced plans for a new Denver campus in late 2023. At the time, the company said it had received conceptual approval for a three-building data center campus development of approximately 600,000 sq ft (55,740 sqm) and 60MW of capacity. To be constructed on 15 acres at 4900 N. Race Street [which is seemingly part of the same site as 5050 N. Race St], the first of three facilities will offer 18MW across three stories.
