toggle

AAPL Stock: 131.56 ( -0.48 )

Printed from http://www.macnn.com

Apple's $2b datacenter holding on land acquisition

updated 02:15 pm EDT, Tue July 14, 2009

iDataCenter not confirmed

Apple is still refusing to confirm that Maiden, NC, will be the site for the companies new 5000,000-square foot iDataCenter, says Data Center Knowledge . The report notes that the land in Maiden is still being acquired, as The Catawba County Economic Development Corp. is purchasing the land that will be resold to Apple for the same price. The land is being purchased from Don Beaver, the owner of two baseball teams, for market value and will be flipped to Apple once the land is officially annexed into Maiden.

Apple plans to invest about $1 billion in the state over the course of nine years and could generate 3,000 jobs in Catawba. The iDataCenter is an economic bombshell that North Carolina officials are eager to facilitate, approving legislation that favors Apple with $46 million in tax breaks.

The iDataCenter would become Apple's east-coast operations hub, utilizing the three-hour time difference with the Cupertino headquarters. According to the report, Apple was attracted to the land because of the location's access to large amounts of primary and backup supplies of power and water.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softb ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Leitz Icon Label Printer

When you say the words "label printer" to people, they either just really don't care, or they get incredibly excited. This is one o ...

toggle

Most Commented