Alter Asset Management Company

Data Center Signal is tracking 5 clips about Alter Asset Management Company data center developments across 1 states, including IL.

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1States

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zoning100%
electricity100%
environmental100%
government100%
legal100%
opposition100%
water80%
moratorium40%
announcement20%
Lake County Board enacts moratorium on data centers in unincorporated areas
News ClipLake and McHenry County Scanner·Lake County, IL

Lake County Board enacts moratorium on data centers in unincorporated areas

The Lake County Board has enacted a temporary moratorium on new data center approvals in unincorporated areas until May 2027, aiming to develop comprehensive regulations. This action follows significant public opposition to a separate T5 Data Center project in Grayslake, which is now facing a lawsuit challenging its village approvals.

9/8/2026
Grayslake issues first permit for construction to begin on mega data center campus as lawsuit seeks to block development
News ClipLake and McHenry County Scanner·Grayslake, Lake County, IL

Grayslake issues first permit for construction to begin on mega data center campus as lawsuit seeks to block development

The Village of Grayslake has issued the initial building permit for the T5 @ Chicago IV data center campus, commencing construction on an 800,000-square-foot facility. This development proceeds despite a recently filed lawsuit by residents and an advocacy group seeking to block the project and challenging the village's approvals. State Representative Daniel Didech has also voiced concerns regarding the project's potential impacts on energy, water, and the environment.

9/1/2026
Lawmaker says Grayslake mega data center 'should not proceed' without answers on power, water and noise
News ClipLake and McHenry County Scanner·Grayslake, Lake County, IL

Lawmaker says Grayslake mega data center 'should not proceed' without answers on power, water and noise

Illinois State Representative Daniel Didech is demanding answers on potential impacts to power, water, and noise from the approved T5 @ Chicago IV data center campus in Grayslake. This follows a lawsuit filed by residents and a corporation challenging the project's approvals and the postponement of a public comment session due to safety concerns.

8/30/2026
Lake County residents file lawsuit to block 472-acre data center campus in Grayslake
News ClipLake and McHenry County Scanner·Grayslake, Lake County, IL

Lake County residents file lawsuit to block 472-acre data center campus in Grayslake

Lake County residents and a corporation have filed a lawsuit to block the 472-acre T5 @ Chicago IV data center campus in Grayslake, alleging that its approval was inconsistent with village plans and lacked adequate public disclosure. The plaintiffs challenge the Village of Grayslake's approvals, which were granted in 2024 and 2025 for a project of "unprecedented scale". T5 Data Centers has suspended its wetlands permit application due to community concerns, while the Lake County Board is considering a temporary moratorium on data centers in unincorporated areas.

8/8/2026
Lawsuit Filed Against Grayslake Data Center Development in Illinois
News ClipChicago Tribune·Grayslake, Lake County, IL

Lawsuit Filed Against Grayslake Data Center Development in Illinois

Opponents of a Grayslake data center project have filed a lawsuit against the Village of Grayslake, T5 Data Centers, and Alter Asset Management Company. The suit seeks to void previous approvals and development agreements amidst growing community backlash. Residents express concerns over environmental impacts, noise, and the approval process.

8/7/2026