New Albany City Council has approved community reinvestment area (CRA) agreements for Kansas-based QTS Data Centers that will allow the company to invest roughly $4.4 billion in new data centers totaling up to 4.7 million square feet for future end users. QTS is a colocation provider that leases data center space to multiple tenants in the same building. QTS initially announced it would build four data centers in the New Albany International Business Park and expanded its investment short after with additional sites in the park. “Data centers are key assets to the New Albany community, allowing us to diversify the types of companies within our business portfolio,” said Sara Zeigler, economic development manager for the City.

“QTS has a great track record of being invested in the communities where they have built facilities,” added Zeigler. “The company’s core values align closely with ours, and we’re excited that they are choosing to call New Albany home.” New Albany’s negotiated revenue structure with data centers produces the same amount of revenue that the City would typically receive in income tax for Class A office sites. Data centers create significant local revenue and high-quality jobs for the community with minimal impact on City services, traffic, or the school population.