O'Leary still backs data center despite surprising election results
Investor Kevin O'Leary affirms his commitment to the Stratos data center project in Box Elder County, Utah, even after recent election losses by some of its political advocates. He stresses the project's economic benefits and anticipates an upcoming permitting process.
Kevin O'Leary, a prominent investor, has publicly reaffirmed his confidence in the Stratos data center project slated for Box Elder County, Utah. His support comes despite recent primary election losses for some of the project's key political backers, including Utah Senate President Stuart Adams and Box Elder County Commissioners Boyd Bingham and Lee Perry. O'Leary dismissed the notion that these election outcomes would derail the data center, attributing the political shifts to broader national trends rather than specific issues.
Adams, who chairs the Utah Military Installation Development Authority (MIDA), has been instrumental in working with O'Leary on the massive Stratos development. Commissioners Bingham and Perry had previously voted to pass a resolution that allowed Stratos to advance, a decision made despite significant opposition from local residents and other Utahns. O'Leary emphasized that the project should be judged on its merits, highlighting its potential to bring high-paying jobs and $15 billion in investment to Utah. He also noted that the permitting process is the critical next step, indicating his intent to visit Utah to facilitate this phase.