Hammond lands tax credit for $40 million data center that would be the largest in Indiana

Hammond lined up a state tax credit of more than $9 million for a designer to develop part of an information center on the previous State Line Generating Plant site on Lake Michigan.Hammond Mayor Thomas McDermott Jr. said it would be the largest information center in the state of Indiana throughout a Facebook Live broadcast Wednesday night at Freddy’s Steakhouse. Developers plan to invest at least$40 million in the project, and the financial investment possibly could climb to numerous countless dollars.”This would be the largest data center in the state of Indiana, “McDermott stated.

“We ‘d be in competition with the big kids in Chicago.” Hammond’s unsuccessful bid for the Amazon headquarters, first reported by The Times of Northwest Indiana, piqued a designer’s interest since it included a prime lakefront area on Lake Michigan, on the border of Chicago.”A lot of individuals were laughing when Gary put in their bid, when Hammond put in their quote and when Indianapolis put in their quote,”McDermott stated

.” However we weren’t chuckling. We were severe. We looked at the State Line Generating residential or commercial property as one of the most valuable properties in the Midwest. And as an outcome of that we faced a fantastic partner who has this great idea and backers in New York and Texas.” Dominion Resources shut down the coal-burning energy plant, long owned by Commonwealth Edison, in 2012 since of its failure to abide by the Clean Air Act

. It had actually been the largest property taxpayer in the city of Hammond, contributing more than$1 million a year to city coffers.But redeveloping the previous power plant has actually proven to be a difficulty, regardless of its prime lakefront area, due to the fact that of its condition, Hammond Chief of Staff

Phil Taillon stated. “It’s been an issue due to the fact that it’s been one of our more difficult pieces of property, “he said.” There are 3 various substations on the residential or commercial property. There are

power lines. We went to the IEDC and said,’Look, we require your aid, we require a tax credit to hire or draw in investors to that site.'”Hammond was approved for the complete quantity.” We were approved for each penny they requested, “McDermott stated.”It’s not a done deal. There’s still some settlement in between Hammond and these developers. …

It would be twice as valuable as the State Line Getting Plant while resting on a portion of the residential or commercial property.” Developers were interested due to the fact that of access to cold water from Lake Michigan, a trustworthy regional energy grid so they would never ever lose power and”the info superhighway going under the train tracks there,” McDermott said.”

This is the perfect area for them, and it’s a fantastic use,” McDermott stated. “Certainly it’s going to be very visible, so we’re going to make certain the architecture is great.”The task might function as a structure block to help update and diversify the Region’s economy, Taillon said.” You often hear because we’re an old manufacturing location that we need to do more to aim to get more tech business to

come to Hammond and Northwest Indiana. This facilities is going to assist us attract a few of those companies that right now might bypass us

. This is going to be interesting for Northwest Indiana.”