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Staff: Digital Realty Trust agreement restructured so company stays eligible for state TEF funds
3626108 · June 2, 2025
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Summary
City staff said Digital Realty Trust has asked to scale back a planned $100 million renovation and asked the city to amend its agreement so the project remains eligible for Texas Enterprise Fund (TEF) support; staff said reduced scope increases minimum jobs and lowers the city grant.
The committee asked why a previously authorized agreement with Digital Realty Trust needed to be restructured. Kevin Spath, director of the Office of Economic Development, said the company had planned about $100 million in…
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