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.
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.