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Pittsburg approves sale and incentives for Wildcat Data Infrastructure LLC at Airport Industrial Park
Summary
The Pittsburg City Commission approved selling 15 acres to Wildcat Data Infrastructure LLC and an incentive package that includes a five-year 50% rebate of the electricity franchise fee and up to $75,000 toward utility extensions; the company expects to begin with 10 megawatts of capacity and scale to 50 megawatts.
The Pittsburg City Commission on Jan. 28 approved an economic incentive package to sell 15 acres in the city's Airport Industrial Park to Wildcat Data Infrastructure LLC and provide utility and tax incentives intended to help the company build a data center.
City economic development staff presented the commission with a package that sells the land at $2,500 per acre (described as a 50% discount compared with comparable sales), rebates 50% of the city electricity franchise fee for the first five years, and splits the cost of extending water and wastewater service to the site with the company's share; the city's share is capped at $75,000. The purchase agreement includes a city right of first refusal to repurchase the property at the same price if construction has…
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