Sunday, November 25, 2007

HSBC Questioning $1 billion Niagra County Data Center

The Niagra Gazette reports that global banking giant HSBC is reconsidering the $1 billion data center it had planned for Cambria, NY. The data center would add 56 jobs, averaging $76k and would add $14.5 million in property tax collections.

HSBC is not terminating the project, but just looking at alternate sites in the county (otherwise they will give up the $89.5 million in tax breaks. The bank indicated that current business climate was the reason for them to step back and stay in planning phase for a while.

In January of this year Data Center Knowledge reported the plans for the 275,000 sq. ft. facility.

Check out the Niagra Gazette article here

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