The rush to build data centers has become the new Oklahoma land grab, with providers competing for prime real estate. In one instance, a data center provider bought 55 homes only to demolish them to make room for its campus. Stream Data Centers, a Dallas-based provider of colocation and custom data-center construction services, last November purchased 55 homes in a 34-acresubdivision of Elk Grove Village, Illinois. According to published reports (here and here), Stream paid an average of $950,000 for each house.
Where did they buy neighborhoods to bulldoze them?
Here’s one example:
https://www.networkworld.com/article/2071209/data-center-provider-razes-55-homes-to-make-room-for-illinois-campus.html
There’s also Itasca in Illinois
https://www.datacenterdynamics.com/en/news/unnamed-data-center-developer-acquires-14-acres-in-itasca-area-of-chicago-illinois/
I bet you can find more
Wow wow wow crazy.
Wow is right, those people made a massive profit on their homes.
Why are you trying to make it seem like the homeowners have been screwed over? It makes no fucking sense.
There is a reason they all sold. But that it is happening is still crazy. As if there is no empty space anywhere?
It doesn’t matter. They didn’t hold a gun to anyone’s head. It’s hard to imagine anyone being dumb enough to not realizer what a gift that is.
What’s crazy is people acting like this is some kind conspiracy that screwed over the homeowners, who made out like bandits.
For example in Illinois:
“land grab”? That makes it sound like they did something illegal.
They offered people money and those chose to take it. Wisely. Because they made a huge profit on their houses.
You think I wouldn’t sell mine for 950k when I bought at $310k?
True. At least the owners got a good price.