A proposed Colorado Springs business park that would house high-tech data centres continued to take shape Thursday, as the project’s developer and a city agency closed in on a plan to fund utilities, roads and other improvements on an urban renewal site where the park would be built. The Vineyard Data Center Park would need about US$75 million in upgrades — US$54.2 million of which would be paid for with a combination of property taxes and fees generated by new development at the site, according to a plan discussed by the Colorado Springs Urban Renewal Authority and project developer Vince Colarelli. That plan will be part of a redevelopment and reimbursement agreement scheduled to be voted on by the Urban Renewal Authority in June and is a key step in the project’s development.

As proposed by Colarelli, a Springs general contractor, and his out-of-state business partner, the data centre park would be developed on about 100 acres southeast of Interstate 25 and Circle Drive, on Colorado Springs’ south side. According to Colarelli’s proposal, 64 acres would house five to 10 buildings and 800,000 sq ft of space for corporate data centres; the rest of the site would be set aside for open space, trails and Fountain Creek streamside improvements

Source: Colorado Springs Gazette