Plymouth Township Data Center Project Could Generate $424 Million in Tax Revenue
An economic analysis indicates that converting the former Cleveland-Cliffs steel mill into a data center could yield $424 million in tax revenue over 20 years, significantly benefiting Colonial School District. The project is projected to create nearly 15,000 construction jobs and support the local economy amid rising vacancy rates and tax pressures.
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The proposed data center at the former Cleveland-Cliffs steel mill could generate $424 million in tax revenue over 20 years, with Colonial School District set to benefit the most. The site currently contributes $182,000 annually in property taxes, while the redevelopment would result in $21.1 million per year.
The construction phase would create nearly 15,000 jobs in Montgomery County, with an average annual salary of $131,000. This project addresses the region's high office vacancy rates and ongoing tax increases for residents. The design adheres to township standards, including energy efficiency and reduced traffic impact, emphasizing the project's potential to revitalize the area without adding residential development or students to the school district.
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