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Yorkville says Plano schools will benefit from millions in data center tax revenues · Kendall County News - Shaw Local

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  Speaker 1: Yorkville says Plano schools will benefit from millions in data
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  center tax revenues. Written by Joey Weslow, this article is
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  being read by an automated voice brought to you by Everlett.
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  One of the chief reasons city officials in Yorkville have
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  touted the influx of data center development proposals is the
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  projected revenues should help offset the costs Yorkville School District
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  one point fifteen will incur as it looks to expand
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  its facilities. Mayor John Purcell has even asked several of
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  the developers to write up front checks to the school district. However,
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  looking at a map of twenty eight hundred and seventy
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  three acres of data center proposals along the El Domain
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  Road corridor, a significant portion of the developments fall within
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  the Plano School District eighty eight boundaries. This means, while
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  the significant utility taxes will go to the City of Yorkville,
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  a large portion of the data center's property tax revenues,
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  if they are built, will go to the Plano School District.
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  Yorkville City Administrator bart Olsen gave a presentation earlier this
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  month to the Plano School board to discuss the influx
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  of property tax dollars that could be coming its way.
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  The chief topic of discussion was the two to twenty
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  eight acre cyrus Ie Data Center campus. The city approved
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  a planned unit development for the project in July twenty
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  twenty four. The development was the first data center project
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  the city officially approved. The development will feature nine to
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  two story buildings constructed in phases. The first phase of
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  construction is taking place within the District eighty eight boundaries.
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  Yorkville has said because everything has already been fully approved
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  by the City Council, construction could begin any time, although
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  they did not release an official date. The campus first
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  six data center buildings will send property tax revenues to
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  District eighty eight. Phase two of construction will be the
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  final three buildings on the District fifteen side of the
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  district boundary. Plans for phase two have been paused while
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  the Phase one details are being finalized, according to city documents.
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  During the presentation with the District eighty eight board, Olson
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  said each individual data center warehouse could generate between five
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  hundred thousand dollars to one million dollars in new property
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  tax revenues based on the district's twenty twenty four tax rate.
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  At full buildout, Olsen said the Cyrus one project should
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  generate between five million to ten million in annual property
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  taxes to District eighty eight. The project should generate between
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  forty thousand dollars and eighty thousand dollars in property tax
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  revenues for Yorkville based on the expected twenty twenty five
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  limiting rate according to city documents. Olsen said the project
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  will generate a significant windfall for Yorkville and utility taxes.
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  He said, at full buildout, the project will generate between
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  four point five million and nine million in annual utility
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  taxes for the city. The entire city of Yorkville currently
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  generates around seven hundred and fifty thousand dollars annually in
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  utility taxes. The developers of the project are expected to
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  request the city to construct a substation in twenty twenty
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  six with an amended land use plan. The sharing of
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  tax revenues between Yorkville and Plano school districts will be
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  a common story if more of the data center proposals
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  receive final approval from Yorkville's City council. While the one thousand,
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  thirty seven acre project, Cardinal Data Center with fourteen two
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  story warehouses, is completely in District one to fifteen. A
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  significant number of the other proposed projects fall either entirely
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  or partially within the District eighty eight boundaries. The city
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  has not yet made available a complete breakdown regarding all
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  the data center project proposals of the tax revenues between
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  the City of Yorkville Yorkville one fifteen and Plano eighty
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  eight