Microsoft, State Announcing Massive Data Center Expansion, Land Purchase
From the article:
Microsoft is planning to expand its development of a data center in Mount Pleasant, with plans to purchase another thousand acres in the village and to invest “billions of dollars” at the site over the next decade.
Gov. Tony Evers announced the plan Friday.
Microsoft announced in March that it planned to invest $1 billion to build a data center on 315 acres once set aside for the Foxconn development in Racine County. The company broke ground on the center in September.
Now, Microsoft plans to construct additional data centers on land initially meant for Foxconn, with plans to purchase 1,030 additional acres in a tax incremental district created for the Taiwan-based company, according to a joint release from Mount Pleasant, Racine County and Milwaukee 7.
The Milwaukee Journal Sentinel reported Friday that the terms of the deal between the village and Microsoft says
the company will guarantee an additional property value of $1.4 billion by 2028. The deal is slated to be presented to the village board on Monday.
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