New Albany City Council has approved community reinvestment area (CRA) agreements for Kansas-based QTS Data Centers, which will allow the company to invest roughly $1.5 billion in four data centers for future end users. QTS is a co-location provider, meaning it can lease data center space to multiple tenants in the same building.

The data centers will be built on Beech Road.

“Data centers are key assets to the New Albany community, allowing us to diversify the types of companies within our business portfolio,” said Sara Zeigler, economic development manager for the City of New Albany. “QTS has a great track record of being invested in the communities where they have built facilities. The company’s core values align closely with ours, and we’re excited that they are choosing to call New Albany home.”

New Albany’s negotiated revenue structure with data centers produces the same amount of revenue that the city would typically receive in income tax for Class A office sites. Data centers create significant local revenue and high-quality jobs for the community with minimal impact on city services, traffic or the school population.