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

Bloomberg offered tempting power deal

  • Print
  • Share
  • Comment
  • Save

Bloomberg has received a promise of low-cost power from the New York Power Authority if it goes ahead with its planned Orangetown data center in New York.

The power company named Bloomberg as the top recipient of such a deal under the sixth round of its ReCharge New York Low-Cost Power Allocations, designed to boost employments numbers by increasing business activity in the state.

In total, it offered 19.6MW in allocations, providing Bloomberg with 8,000kW – a reward for the 80 jobs Bloomberg has committed to creating if it builds its data center in New York with a capital investment of US$245m.

This investment is only a small portion if what Bloomberg said it would be likely to spend on the project.

New York Mayor Michael Bloomberg, the company’s founder, said Bloomberg plans to invest US$750m in 15 years at the site already earmarked for development in Orangetown.

Part of this will be to build a 143,331 sq ft data center that will be constructed by Russo Development and Sentinel Data Centers and leased back to Bloomberg.

Bloomberg said it expected to pay US$435m for furnishing and equipping the site.

On top of the 80 jobs the site will create once complete, Bloomberg spokeswoman pam Snook told lohud.com that 250 people will be required for construction, which she hopes will kick off “as soon as possible”.

Bloomberg, however, has said that tax breaks are important if the project goes ahead, including sales tax breaks and other assistance.

The breaks issued by the New York Power Authority have seen input from the Governor’s regional economic development councils and Empire State Development.

In May, officials in New York approved a range of tax breaks for the build, but a site was still being decided.

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.

 

Related images

  • Broadcasting at Bloomberg

Have your say

Please view our terms and conditions before submitting your comment.

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

Webinars

  • How to Secure Your Critical Assets today and tomorrow

    Tue, 18 Oct 2016 18:00:00

    Whether you're a company looking to evaluate a data center, or a data / tech company looking to upgrade and improve their physical security, we'll discuss some of the requirements from major organizations along with important considerations for each facility layer, from ‘curb to core’. In this webinar we’ll discuss: • The rise of the data centre and new security challenges • Risks that businesses face from data loss • Three layers of physical security and 12 data centre security tips • Cost effective access control and 'curb to core' security • Best practices in securing data against attack and business continuity • How to manage and achieve compliance with regulatory requirements.

  • Next Generation Data Centers – Are you ready for scale?

    Wed, 24 Aug 2016 16:00:00

    This presentation will provide a general overview of the data center trends and the ecosystem that comprises of “hyperscale DC”, “MTDC”, and “enterprise DC”.

  • Ian Bitterlin -DC Power Professional

    Fri, 12 Aug 2016 08:55:00

    Professor Ian Bitterlin talks about DC Pro's Power Professional course.

  • White Space 49: Good news and Bad News this week

    Fri, 5 Aug 2016 14:10:00

    Editorial team at DCD talks about data center fires, cyber wars and network sabotage

  • White Space 47: There's a Pokéstop outside our office

    Fri, 22 Jul 2016 10:35:00

    This week on White Space, we talk everyhting: > Pokémon > Microsoft's Azure Stack launch > DatacenterDynamics Awards 2016 program > Digital Realty's move into Wind Power

More link