Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections

Tax break for Bloomberg's data center project approved

  • Print
  • Share
  • Comment
  • Save

Officials in Orangetown, New York, have approved a tax-break package for construction of a massive data center in town that will be occupied by the media and market-data giant Bloomberg.

 

In a second joint venture between the two data center builders, Russo Development and Sentinel Data Centers will build the 130,000 sq ft data center. Bloomberg will lease the facility from the joint venture, the developers said.

 

News that Orangetown was on the short list for Bloomberg's next data center location came out last week. This Thursday, Russo and Sentinel released a joint public statement saying New York mayor Michael Bloomberg's company was approved for a tax abatement and had signed the lease on the property.

 

For Orangetown (about 30 miles north of New York City), like for many other small towns around the US, a large data center project is a way to boost local economy through job creation and new tax revenue. Tax breaks and expedited planning-approval process are common tools municipalities and states use to lure such massive builds.

 

Andy Stewart, a town supervisor, said he was pleased with the development. “Bloomberg's decision to locate here shows that Orangetown is back on track and able to work effectively with investors to meet our community's needs for appropriate commercial development, jobs and a solid tax base,” he said.

 

The data center will be housed in a one-story facility and provide more than 7MW of critical power. The developers plan to bring it online in the middle of 2014.

 

Earlier reports indicated that Bloomberg was expecting to spend about US$710m on the project over the next 15 years.

 

The company's data center strategy consists of a mixture of owned and leased facilities, Vipul Nagrath, its CIO, told DatacenterDynamics FOCUS in a 2012 interview.

 

Russo has owned the Orangetown property since 2009. Its first joint venture with Sentinel was construction of a data center in Somerset, New Jersey.

Related images

  • Construction site of Bloomberg's future data center in Orangetown, New York

Have your say

Please view our terms and conditions before submitting your comment.

required
required
required
required
required
  • Print
  • Share
  • Comment
  • Save

Webinars

  • Smart Choices for your Digital Infrastructure

    Tue, 28 Jun 2016 10:00:00

    Your data centre is a key part of successfully transforming and building your digital business. The challenge today is to create a highly reliable, flexible, scalable and cost-effective digital infrastructure. Your cabling system is an important element in the creation of that infrastructure. Attend and learn how to: - Piece together different elements of standards, technical specifications and physical properties in order to choose the right networking equipment - Reduce the time and labour spent maintaining, repairing or installing cabling by adopting improved design and management practices.

  • Designing Flexibility into your Data Center Power Infrastructure

    Wed, 4 May 2016 18:00:00

    As power density is rapidly increasing in today’s data center, provisioning the right amount of power to the rack without under sizing or over provisioning the power chain has become a real design challenge. Managing the current and future power needs of the data center requires Cap-Ex to deploy a flexible power infrastructure: safely handling peak power demands, balancing critical loads and easily scaling to meet growing power needs. In this webinar you will learn: > How to create Long term power flexibility and improved availability for your operation > How to increase energy efficiency and improve SLAs through a comprehensive set of best practices.

  • White Space 35: Signal to noise

    Mon, 18 Apr 2016 15:05:00

    In this weeks episode, we talk about networking records, Google’s outage and Amazon’s cloud dominance.

  • White Space 34: Open season

    Mon, 11 Apr 2016 13:15:00

    We talk open hardware, open source software and oxymorons.

  • White Space 33: All about Oregon

    Wed, 6 Apr 2016 08:35:00

    This weeks, White Space looks at news from the High Desert, and remember an American businessman who ran for president.

More link