Data center development turns some landowners into millionaires
Most Americans say they're opposed to data centers. But a lucky few have gotten rich selling their land to data center developers.
Data center construction in the United States has faced opposition, yet some landowners have profited, becoming millionaires by selling their land to developers. A Gallup poll found that over 70% of Americans oppose data centers in their area due to noise, environmental concerns, and community strain. Michael Hodgson, 38, bought a home in Salem Township, Pennsylvania, in 2019 and was offered millions for his 14-acre property, allowing him to retire.
Nearly 100 families in the township sold over 1,700 acres to a data center developer, receiving between $1 million and $35 million per family, with the developer paying $586 million for the land ($300,000+ per acre). Land value had risen from under $5,000 to $300,000+ per acre. Jack Sordoni, a local land developer, noted the "gold rush" created by the boom.
Community benefit agreements worth millions will improve local services. Another data center expansion is underway, potentially benefiting more families. Most families planning to stay in the area, boosting the economy. David and Marilee Kiliti, who sold their 89-acre farm for over $20 million, plan to build their dream home while their daughter reopens a local brewery.
Data centers hold technology that processes various digital traffic. Pennsylvania recently imposed strict rules, with Governor Josh Shapiro expressing concern over community opposition. However, if a developer's proposal aligns with local support, environmental protection, and economic benefits, the state is willing to engage.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
