Latest / Birmingham AL News Today | 2 Min News | The Daily News Now!
Nebius AI Data Center Deal in Birmingham
Nebius is set to build a $36 billion AI data center in Birmingham, Alabama, creating 78 jobs and delivering $87 million annually in tax revenue — but at a steep cost: massive tax breaks totaling up to 80% on construction taxes and 65% on property taxes for 30 years. While the Birmingham Industrial Development Board approved the deal, Mayor Randall Woodfin insists the city isn’t footing the bill, clarifying that the IDB — an independent council-appointed board — made the call. The IDB’s chairman argues the abatements will actually generate $2.6 billion in new revenue for schools and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.