Private credit firm Lakeland Equity Group’s $1.6 billion proposal to build a data center in Cleveland, Ohio, has been rejected.

The City of Cleveland’s Mayor Justin M. Bibb announced on Thursday May 14 that the city had “rejected the permit for the data center” which was set to be built on a 35-acre site at 3560 E 55th St.

In its application, Lakeland said that this would be “the city’s first state-of-the-art hyperscale facility,” equipped with “advanced power, cooling, and fiber connectivity.” The identity of the campus’s proposed end user remains unknow

Located in Slavic Village, an area in southeastern Cleveland, the address is currently home to trucking company Morabito Enterprises.

Lakeland was proposing the construction of a 150MW campus consisting of three data center buildings spanning a total of 300,000 sq ft (27,870 sqm).

In a statement to WKYC, Lakeland said that it was “disappointed by this abrupt action by the city.

“We are considering our options for immediate next steps. We look forward to continuing to work with local government officials and community residents to help everyone consider this important, job-creating project’s merits."

Lakeland Equity Group says that it specializes in projects seeking funding equity shortfalls with gaps “ranging between $1-10 million.” Public information about the company is sparse.

Cleveland is located in northeastern Ohio and is on the southern shore of Lake Erie. Though the city is home to some data centers, most facilities in the state are clustered around Columbus.