Facebook's Atlanta data center investment may hit $42B

|About: Facebook (FB)|By:, SA News Editor

Facebook (NASDAQ:FB) may spend as much as $42B on a heavy data center investment in metro Atlanta, according to a look at bond documents by Atlanta Business Chronicle.

That would mark the biggest economic development project in Georgia history, according to the report.

Facebook is developing the 416-acre project in four phases, and this week a county joint development authority approved the land sale and a $42B bond resolution to support it.

An entity said to represent Facebook has a contract to acquire the 416 acres across two parcels, and is expected to pay $16.5M for a 262.771-acre parcel.

The data center could be tied to Facebook's efforts toward a voice assistant.

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