The development is the 8th new data center project to launch in the past year in ComEd’s service territory, which covers northern Illinois.
Construction has begun at the site of the former United Airlines headquarters in Mount Prospect, with recent demolition at the property clearing the way for the creation of a $2.5 billion data center campus expected to launch in 2024.
Hyperscale data centers typically house hundreds of thousands of computer servers in each building to meet the data storage needs of the world’s largest companies, officials said in a statement.“Chicago has long been a digital infrastructure hub for our clients, who already have an existing presence in the market,” CloudHQ spokesman Brett Burnette said.
The development is the 8th new data center project to launch in the past year in ComEd’s service territory, which covers northern Illinois, ComEd officials said in a statement. ComEd will build a new substation at the site to support CloudHQ’s operations. Bill Cooney, Mount Prospect’s director of community development, said the village annexed the 50-acre site in unincorporated Cook County in 2017, about a decade after United Airlines began vacating the property and moving its employees to Chicago, eventually settling in Willis Tower.Advertisement
While local taxing districts will benefit from the increased property value, the Class 6b incentive adds up to a tax savings of roughly $2.5 million per year for the company once fully assessed, assuming the estimated $100 million value, Cooney said.The company will generate more than $1 million a year to the village in electric utility tax and will donate $2 million to the Mount Prospect Park District for improvements to local parks, he said.
offering a tax incentive to encourage tech giants and other firms to locate their data storage facilities in the state.As part of a $45 billion capital construction plan, the incentive exempts qualifying data centers from state and local sales tax on equipment inside the facilities, such as cooling and heating equipment, servers and storage racks.
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