Pine Island City Council Approves $36.58M Incentives for Project Skyway Data Center
The Pine Island City Council approved $36,578,343 in financial incentives for the Project Skyway data center, with a unanimous 5-0 vote. The incentives will be issued over several decades, while the city anticipates collecting over $131 million in new taxes during that period. Developer Ryan Companies is required to create at least 38 full-time jobs with a minimum wage of $31 per hour. Despite community opposition, the council proceeded with the project.
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The Pine Island City Council approved $36,578,343 in financial incentives for Project Skyway, a multimillion-dollar data center, with a unanimous 5-0 vote. The incentives are structured in two parts over several decades.
City Administrator Elizabeth Howard stated the city would generate over $131 million in new taxes from the project. Developer Ryan Companies is obligated to create at least 38 full-time jobs, with wages starting at $31 per hour. Despite opposition from residents who expressed concerns about the size of the incentives and potential obsolescence of the data center, the council decided to advance the project.
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