Red Oak (population 15,000) already hosts or has approved six campuses, including DataBank's 300-acre site and Compass Datacenters' 830-acre complex, and Wise County officials have asked lawmakers for guardrails or veto power.
DataBank's $2 billion MUFG-led loan for 180 MW at Red Oak south of Dallas shows the other side: institutional capital flows to developers with signed anchor tenants and proven power procurement.
DataBank just closed a $2 billion construction loan, its largest ever, to accelerate its 300-acre Red Oak campus 20 miles south of Dallas by 18 months.