St. Louis Officials Implement Measures for $3 Billion Data Center Tax Revenue
St. Louis city officials are implementing measures to ensure a planned $3 billion data center project in Midtown fulfills its projected $445 million in tax revenue over 10 years. A new community benefit agreement allows the city to levy fines…
St. Louis, MO, September 29, 2026 — St. Louis city officials are enacting new measures to guarantee that a significant data center project planned for Midtown meets its projected tax revenue goals. The project, valued at approximately $3 billion, is expected to generate $445 million in tax revenue over a 10-year period.
To ensure accountability, a new community benefit agreement has been established. This agreement grants the city the authority to impose fines on the developer, TerraWatt, should the project fail to achieve its revenue targets within the specified timeframe.
Furthermore, an independent financial analysis will be conducted. This analysis will be carried out by the St. Louis Development Corporation, an entity tasked with evaluating the project’s financial performance and its adherence to the agreed-upon revenue projections. The specific details regarding the penalties for not meeting revenue targets or the methodology of the independent financial analysis were not provided.
The initiative aims to provide financial assurances for the city as the large-scale data center project moves forward. The developer’s name is TerraWatt, and the project is located in Midtown, St. Louis. The projected tax revenue is $445 million over 10 years, stemming from a $3 billion investment.
Details regarding the timeline for the financial analysis or when the fines could be levied were not explicitly stated in the available information.
Story summarized from the original created by Kavahn Mansouri on www.stlpr.org, see more information here.
Media gallery
