Fort Worth Council Votes on $1.1B Data Center Tax Break
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fort Worth City Council prepares for a crucial vote on March 31st regarding a tax break for Edged Data Centers, a company planning to invest $1.1 billion in a new data center near Interstate 20 and Chapin School Road. In exchange for a 50% property tax cut on equipment over ten years, Edged promises to create 50 jobs paying an average of $73,000 annually. The project, located on land owned by PMB Capital near Veale Ranch, features energy and water-saving technology. Despite local concerns over short notice and lack of community engagement, City staff supports the deal, projecting a net gain of $49.3 million over the agreement. Council member Michael Crain endorses the project as smart growth, and the council will meet at 10 a.m. tomorrow to decide on the deal, which could significantly impact Fort Worths future.
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