Data center company buys Project Marvel for $432M: Here’s what we know
QTS Data Centers has acquired the 'Project Marvel' site in Bessemer for $432 million to develop a new data center campus.
📍 How it ended
QTS Data Centers was revealed as the company behind the Project Marvel plans. The company closed on the land deal for $432 million and confirmed plans for a data center campus in Bessemer.
A lawsuit regarding the zoning decision for the center was dismissed.
Epilogue added 49d ago, after coverage quieted.
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The brief
QTS Data Centers has closed a land deal for the site known as Project Marvel in Bessemer. According to AL.com, the acquisition price was $432 million, while The Business Journals described the metro land deal as nearly $500 million.
Coverage from WBMA, WBRC, and other local outlets emphasizes that QTS is the company behind the project. Reporting also notes that a lawsuit regarding the zoning decision for the data center has been dismissed.
Future developments include the realization of the proposed data center campus in Bessemer as confirmed by QTS.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. Updated 54d ago.
Coverage (5)
- QTS confirms plans for proposed data center campus in Bessemer WBRC · 55d ago
- Bessemer lawsuit over zoning decision for data center dismissed wvtm · 55d ago
- QTS Data Centers behind Bessemer Project Marvel plans WBMA · 55d ago
- Data center company closes on nearly $500M metro land deal The Business Journals · 55d ago
- Data center company buys Project Marvel for $432M: Here’s what we know AL.com · 55d ago broke it first
Quick answers
Who is the company behind Project Marvel?
QTS Data Centers is the company behind the project.
How much was the Project Marvel acquisition?
AL.com reports the purchase price was $432 million, while The Business Journals notes the deal was nearly $500 million.
What is the status of the zoning lawsuit in Bessemer?
According to wvtm, the lawsuit over the zoning decision for the data center has been dismissed.
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