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Facebook's Atlanta data center investment may hit $42B

Published 01/25/2018, 06:38 PM
© Reuters.  Facebook's Atlanta data center investment may hit $42B
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  • Facebook (NASDAQ:FB) may spend as much as $42B on a heavy data center investment in metro Atlanta, according to a look at bond documents by Atlanta Business Chronicle.
  • That would mark the biggest economic development project in Georgia history, according to the report.
  • Facebook is developing the 416-acre project in four phases, and this week a county joint development authority approved the land sale and a $42B bond resolution to support it.
  • An entity said to represent Facebook has a contract to acquire the 416 acres across two parcels, and is expected to pay $16.5M for a 262,771-acre parcel.
  • The data center could be tied to Facebook's efforts toward a voice assistant.
  • Now read: Will 'Facebook Watch' Take Down YouTube And Netflix?


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