KEARNEY, Neb. — Following a delay while details of an economic development grant were worked out, the Kearney City Council appears prepared to rezone a 53-acre addition to the Tech oNE Crossing technology park.
The tech park could become the site for the Project Edge data center, if the state of Nebraska wins the recruitment war for the center, which could grow into a $1.2 billion project by the time it is complete.
Kearney and two sites in Iowa reportedly are in the running to become the home for Project Edge.
The City of Kearney last month approved the purchase of 53 acres to expand the Tech oNE Crossing technology park in northeast Kearney. The purchase increased the park to 165 acres, but it added $1.7 million to the city’s costs.
Delaying the rezoning until Tuesday allowed details to be ironed out so the Nebraska Department of Economic Development can provide a $250,000 grant to help the city purchase the land.
The department partnered with the city in developing the shovel-ready tech park.
The city will spend a total of $1.7 million on the expansion, with $1.2 million for the land, $300,000 to relocate a drainage canal on the property and $200,000 to build a carrier hotel to house companies collocated at the tech park.
Initial reports said the company behind Project Edge wants to break ground in May for a $500 million first phase. The project eventually could grow to $1.2 billion, making it the most expensive project Nebraska has attempted to attract.
State lawmakers recently approved financial incentives for data centers, including reduced electrical rates from the Nebraska Public Power District.