Amazon abandons $427 million GW campus data center plan and pledges land donations worth $65 million instead

Source: Fortune ·

Amazon abandons $427 million GW campus data center plan and pledges land donations worth $65 million instead

The tech giant is not building upon its portfolio of Virginia-based data centers with the university’s property.

From the source

Amazon is reversing its plan to expand its data center footprint in Virginia—forgoing its $427 million plan to build data centers on George Washington University’s Virginia campus it had signed an application for in February. The company will donate roughly 25 acres of the property to Loudoun County for community facilities instead. The agreement, dubbed “Project Potomac Promise” by Loudoun County Board of Supervisors Chair Phyllis Randall, calls for Amazon to withdraw its data center site plan, abandon legal action to pursue development on the property, and work with the county to rezone the remaining land for mixed-use development—with housing as the predominant use. Amazon will also contribute $5 million to the county’s affordable housing efforts through the Loudoun County Affordable Housing Trust Fund. “My goal was to disallow data centers or infrastructure that could support data centers on this property,” Randall said in a press conference alongside Amazon Web Services data…

BestAIBroker analysis

Read the original source