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Meta to Build $800M El Paso Data Center
Meta said it aims to invest around $800 million in the City of El Paso for a high-speed data center. There could be up to five phases of development, each totaling around 800,000 square feet on over 1,000 acres of land.
The company plans to acquire the city land for around $8.5 million and gain property tax abatement and rebates totaling more than $100 million.
City council members approved the incentives on staff recommendation. Further incentives could be granted in future phases.
Under current agreements, Meta has until April 2024 to buy the land -situated in the northeast of the city, north of Stan Roberts Sr. Ave. and west of US Highway 54 – with possible date extensions.
“Meta is a huge name in the IT (Information Technology) sector. This really puts El Paso on the map, and creates a broader [local] technological ecosystem,” Elizabeth Triggs, El Paso’s economic development director, told the city council.
The magnitude of a possible five-phase campus “is like nothing we’ve ever seen here,” Triggs told the El Paso Times. “It will transform the property tax base by shifting the property tax burden away from residential taxpayers.”
- ◦Development
