UTAH IS BACK IN THE RACE TO GET FACEBOOK’S DATA CENTER. BUT LOS LUNAS IS MAKING ITS INCENTIVE PACKAGE SWEETER. IT’S ALREADY OFFERING 30 BILLION DOLLARS IN INDUSTRIAL REVENUE BONDS FOR FACEBOOK TO MOVE THERE. THE LOS LUNAS VILLAGE COUNCIL THURSDAY NIGHT APPROVED AN INCENTIVE PACKAGE THAT INCLUDES 10-MILLION DOLLARS IN STATE ECONOMIC DEVELOPMENT FUNDS AS WELL.
IF LOS LUNAS IS CHOSEN AS THE LOCATION FOR THE DATA CENTER, THE ALBUQUERQUE JOURNAL REPORTS IT WOULD BE THE BIGGEST CHUNK OF MONEY EVER DISBURSED BY THE STATE’S LOCAL ECONOMIC DEVELOPMENT ACT, KNOWN AS LEDA, SINCE IT STARTED BACK IN 2002. THE MONEY WOULD ALLOW FACEBOOK TO BUY WATER RIGHTS AND BUILD AN INDUSTRIAL WATER TREATMENT FACILITY.
