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Eagle Mountain requests county consideration of 327-acre CRA to attract a data center; commissioners raise term and school-district payment concerns
Summary
Eagle Mountain City presented a proposal for a 327-acre community reinvestment area intended to host a large data center with initial capital investment around $600 million; the city proposes 100% participation on personal property and 67.5% on real property for tax increment, phased 20 years per phase (cap 40 years), and a 10% housing set-aside. County commissioners asked about the 40-year cap and a company-proposed $250,000-per-phase payment to the Alpine School District.
Tom Westmoreland, mayor of Eagle Mountain, and Aaron Sanborn, the city's economic development director, presented a proposed Community Reinvestment Area (CRA) on roughly 327 acres adjacent to the existing Facebook data center.
"It's roughly 327 acres in size," Sanborn said, describing the tract as currently vacant and carrying a low taxable value because of greenbelt status. Sanborn said the project would be competitive for an enterprise-scale data center and initially proposed an estimated capital investment of about $600 million (assessed at roughly $470 million).
Sanborn described proposed…
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