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Freestone County approves reinvestment zone for proposed Cyrus 1 data center
Summary
Freestone County Commissioners Court voted Dec. 3 to create Reinvestment Zone No. 12 for a proposed Freestone 1 LLC (affiliate of Cyrus 1) data center, approving a tax‑abatement framework for an initial minimum $600 million real‑property investment and an initial pilot payment of $850,000 per year for the first stage.
Freestone County Commissioners Court voted on Dec. 3 to create Reinvestment Zone No. 12, clearing the way for a proposed data center development by Freestone 1 LLC, an affiliate of Cyrus 1.
At a public hearing and subsequent action on the designation, county presenters described the project footprint at roughly 507 acres near the Calpine power plant and a staged development plan. The county’s presentation said the first stage of real‑property improvements would be a minimum of $600,000,000, with a pilot (payment in lieu of taxes) set at $850,000 per year for that first stage; presenters said total real property investment across all stages could exceed $2,000,000,000 and that tenant equipment (personal property) typically…
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