Facebook Seeks $6B to Expand Data Center in New Mexico | New Mexico News

LOS LUNAS, N.M. (AP) — A subsidiary of Facebook has filed an software with Los Lunas metropolis officers for billions of {dollars} in further funding that might double the scale of its information heart and produce about 300 further jobs.

Larger Kudu, LLC is searching for $6.6 billion underneath a sequence of six bonds that may assist it broaden its Facebook Data Center in Los Lunas, about 20 miles (32 kilometers) south of Albuquerque, the Albuquerque Journal reported. The middle at the moment employs greater than 200 folks.

The Los Lunas Village Council authorized the intent to transfer ahead with the method final month. The council is predicted to take into account the proposal subsequent month to construct up to six further buildings, two inside the subsequent two years.

The 2 buildings are estimated to price about $800 million to assemble and equip, and supply a whole bunch of building jobs and up to 30 further full-time workers as soon as accomplished.

The information heart at the moment has three absolutely operational buildings and three underneath building, one in all which is close to completion, firm officers mentioned. The middle acts as a storage facility for the corporate’s social media websites reminiscent of Facebook, Instagram and WhatsApp.

An industrial income bond, or IRB, is a tax break for firms that plan to broaden by means of building and equipping of a future mission. Los Lunas Mayor Charles Griego mentioned financial growth will play an enormous issue in contemplating issuing the corporate bonds to broaden the middle.

Each the village and Larger Kudu are hoping a choice is reached by mid-March.

Copyright 2021 The Related Press. All rights reserved. This materials will not be printed, broadcast, rewritten or redistributed.

Supply hyperlink

Leave a Reply

Your email address will not be published. Required fields are marked *