Will Clark County data centers drive down property values? Indiana real estate experts say it's too soon to know for sure.
The Charlestown Advisory Plan Commission approved Florida-based developer QLEVR's proposal for a 55,000-square-foot data center in Shadow Lake Business Park by a 4-3 vote. The decision came after a heated meeting where residents expressed concerns about the potential impact on property values. This is Clark County's second incoming data center, with Meta also constructing a facility nearby in Jeffersonville.
The Charlestown Advisory Plan Commission recently approved QLEVR's proposal for a 55,000-square-foot data center in the Shadow Lake Business Park, a decision that followed a contentious public meeting on July 20. Residents packed the Charlestown Arts and Enrichment Center, voicing significant concerns about the potential for the new facility to negatively impact local property values.
Despite the widespread community apprehension, the commission determined that the three-megawatt data center met the city's zoning requirements, passing the measure with a narrow 4-3 vote. This approval marks the second data center project for Clark County, Indiana, with another Meta data center currently under construction at the River Ridge Commerce Center in nearby Jeffersonville.
Real estate experts in Indiana, however, note that it is still too early to definitively assess the extent to which these data centers will affect local property sale prices.