2 | April, 2020 | Sharon Fisher, Data Center Knowledge.
In 2001, the US shut down the McClellan Air Force base outside Sacramento – a move the region had fought for years, which then ended up costing the area some 25,000 jobs. Now the site is being set up as a business park, and some investors are hoping to use its designation as an Opportunity Zone and its proximity to the Bay Area to promote it as a home for data centers.
The site’s Opportunity Zone designation, a relatively new federal tax break for certain types of investment in economically stressed areas, has started being promoted only this year. “It takes a bit of education, and is very difficult to understand,” said Hoch Cho, chief investment officer for Prime Data Centers, who said he’d spent 100 hours learning about Opportunity Zones. Read more…