The Abilene City Council approved an 85% property tax abatement for Crusoe, a data center developer, which requires a minimum investment of $2.4 billion. This tax break is part of a larger joint venture known as Stargate. The project involves constructing multiple data centers, with Oracle as a primary tenant. Additionally, the agreement stipulates the creation of 357 full-time jobs with specific salary requirements, although local job creation critics question the adequacy of such initiatives in benefiting the broader community.
"Crusoe's approval for an 85% tax break on billions worth of property marks a significant investment in Abilene, potentially revitalizing the local economy with jobs."
"The tax abatement agreement was unveiled through a public records request, revealing the substantial financial support aimed at incentivizing the data center's development."
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