Seeing that approval has been granted to a "mystery developer" for a $1 billion data center brings several elements to my attention. These are things for a real estate developer, investor, broker, or contractor to be aware of while researching and planning ahead.
I continue to preach the importance of pursuing the "next" project(s) no matter how busy things are at the current moment. There is not one source of information that could help you toward your next big deal. That's the point. The deal in the article linked below is planned for Little Rock, AR. I'm sure some people have stopped reading this upon seeing it's about Little Rock. However, it is really not.
The big takeaways should be the significant incentives this "mystery" developer is able to take advantage of. Little Rock wants this data center, with reasons ranging from the need to keep up with other large municipalities to the 50+ jobs it will create once completed.
This developer gets a 65% property tax reduction over 30 years! In addition, the tax break threshold was reduced, for this project, from $500 million to $100 million.
Little Rock is doing a great job of attracting something that will greatly benefit the municipality for years to come by doing what it takes to make it work for all concerned. However, Little Rock can't be the only municipality that would make these concessions. Having "proof" that such measures can be done to make a huge real estate development beneficial for all concerned is a great start for where opportunities and proposals come from.
Those that bypassed the story "because it is Little Rock" might be missing out on a huge opportunity for the future.
https://www.datacenterdynamics.com/en/news/mystery-developer-plans-1bn-data-center-in-little-rock-arkansas/
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