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Redevelopment Commission approves CoreWeave data center deal, including tax exemptions and community payments
Summary
The Hammond Redevelopment Commission on June 3 approved a development agreement with CoreWeave and project partners for a second data center on the Digital Crossroads site; the deal includes multi‑year tax exemptions, community impact payments and contingencies for council and power‑agreement approvals.
The Hammond Redevelopment Commission on June 3 approved a development agreement with CoreWeave Incorporated and project partners to build a second data center on a 25‑acre parcel at 301 Digital Crossroads Drive.
The 5–0 vote authorizes a deal that, as described at the meeting, pairs multi‑year tax exemptions with community impact payments to the city; commission discussion highlighted projected construction jobs, long‑term technician positions and a proposed funding stream for the city’s College Bound program.
Commission staff member Dave Westland summarized the tax terms: “with regard to the first data center, there’ll be a personal property tax exemption of a 100% for 20 years … in exchange for that, there’s a $1,000,000 community impact payment. With regard to…
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