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Phoenix Approves Deal for $500M Data Center Development

The city will spend $359,000 on infrastructure improvements.

The Phoenix City Council has approved a development deal this week for a $500 million expansion of IO Data Centers high-tech complex near Van Buren and 48th streets and the Loop 202 freeway.

The council approved a development pact with IO for the city to spend $359,000 on infrastructure improvements on an 11-acre site IO bought for the expansion of it existing $200 million data center development.

“IO looks forward to working with the city of Phoenix and other relevant partners as we make considerable investments in our economy and in our community,” said IO COO Rick Crutchley.

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