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🦔Digital Realty, one of the biggest data center landlords, is offering every household in De Soto, Kansas up to $1,000 a year for 10 years in credits toward property taxes or utility bills. The town of about 7,000 is next to a 1,440 acre site where the company plans a campus that starts at 600 megawatts and could grow to 2 gigawatts. My Take That works out to about $83 a month per household, or $10,000 over the whole decade, to live next to a campus that could eventually draw as much power as well over a million homes. The entire fund is $20 million, about 4% of what Digital Realty paid just for the land, and the credits stop after 10 years while the data center keeps running for decades. This is a payment to quiet opposition, and the company priced that silence very low. To be fair, the campus pays Kansas’s higher rate for big power users, which should keep most of the grid cost off household bills. Digital Realty still can’t promise what 2 gigawatts does to local water and home values over 20 years, and $83 a month won’t cover much if it goes badly. Hedgie🤗

🦔Digital Realty, one of the biggest data center landlords, is offering every household in De Soto, Kansas up to $1,000 a year for 10 years in credits toward property taxes or utility bills. The town of about 7,000 is next to a 1,440 acre site where the company plans a campus that starts at 600 megawatts and could grow to 2 gigawatts. My Take That works out to about $83 a month per household, or $10,000 over the whole decade, to live next to a campus that could eventually draw as much power as well over a million homes. The entire fund is $20 million, about 4% of what Digital Realty paid just for the land, and the credits stop after 10 years while the data center keeps running for decades. This is a payment to quiet opposition, and the company priced that silence very low. To be fair, the campus pays Kansas’s higher rate for big power users, which should keep most of the grid cost off household bills. Digital Realty still can’t promise what 2 gigawatts does to local water and home values over 20 years, and $83 a month won’t cover much if it goes badly. Hedgie🤗