$6.6 billion data center going up in Clarksville
Clarksville City Council has approved agreements, including an industrial revenue bond and a community benefits agreement, to advance the construction of a $6.6 billion data center by Server Farm. The first phase of the project, a 300,000 square foot facility, is already underway. These approvals facilitate the project's financing and ensure annual funding for the city, Johnson Regional Medical Center, and local nonprofits.
A significant data center project, estimated to cost $6.6 billion, is progressing in Clarksville following key approvals by the Clarksville City Council. The council recently sanctioned an industrial revenue bond agreement and a community benefits agreement, paving the way for the development.
The industrial revenue bond agreement allows Server Farm, the company behind the data center, to finance the project. City leaders clarify that while the legal maximum under the agreement is $55 billion, the project's expected cost is closer to $6.6 billion, with Server Farm, not taxpayers, responsible for repaying the bonds. The initial phase of construction is already underway, featuring a 300,000 square foot data center designed to house thousands of computer servers for artificial intelligence and everyday applications.
Additionally, the community benefits agreement ensures annual funding for the city of Clarksville, Johnson Regional Medical Center, and various local nonprofit organizations.