Business & Finance
Pennsylvania data center land deal nets nearly 100 families 586 million dollars
CBS News reports that a data center developer purchased over 1,700 acres in Salem Township.
The short version
- A data center developer paid $586 million to buy over 1,700 acres from nearly 100 families in Salem Township, Pennsylvania.[CBS News]
- The acquisition averaged more than $300,000 per acre, providing substantial windfalls to participating local property owners.[CBS News]
- The high-value purchase occurs as a Gallup survey indicates more than 70% of Americans oppose local data centers, while Governor Josh Shapiro previously issued an executive order addressing resident concerns.[CBS News]
Key facts
- Nearly 100 families in Salem Township sold more than 1,700 acres combined to a data center developer.[CBS News]
- The total purchase price for the land parcel reached $586 million, averaging over $300,000 an acre.[CBS News]
- According to a Gallup poll, over 70% of Americans oppose having data centers in their local area.[CBS News]
- Pennsylvania Governor Josh Shapiro issued an executive order in response to state residents' concerns over data centers.[CBS News]
What remains uncertain
- Specific provisions and regulatory mandates contained within Governor Shapiro's executive order remain unstated.[CBS News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.