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

  • Powering Big Data with Big Solar

    Tue, 12 Jul 2016 18:00:00

    The data center industry is experiencing explosive growth. The expansion of online users and increased transactions will result in the online population to reach 50% of the world’s projected population, moving from 2.3 billion in 2012 to an expected 3.6 billion people by 2017. This growth is requiring data centers to address the carbon impact of their business and the increasing need for data centers to integrate more renewable resources into their projects. Join First Solar to learn: -Why major C&I companies are looking to utility-scale solar as a viable addition to their energy sourcing portfolios. -How cost-effective utility-scale solar options can support datacenters in securing renewable supply. -Case study of how a major data center player implemented solar into their portfolio

  • 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.

  • White Space 39: Attacks on power and cooling

    Tue, 17 May 2016 08:25:00

    This week on White Space, we talk about the security of Industrial Control Systems – the systems that control your CRAC or PDUs. If these devices are connected to a network, attackers can reach them, and shut down a facility. Special guests Ed Ansett and George Rockett.

  • White Space 38: Leaving Las Vegas

    Tue, 10 May 2016 13:25:00

    This week we talk about: Tax Break for a data center Efficiency standards News form the Las Legad event - EMC World The Dell/EMC merger. And much more...

  • 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.

More link