STACK III megasite performance deal
City of DanvilleVirginia- Detected
- Jul 13, 2026
- 112 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
RIFA ratified a detailed Local Performance Agreement with SAC III Acquisition Co. (STACK) for a massive data center campus at the Southern Virginia Megasite. SAC III commits to up to $100B in capital investment over 30 years and 2,500 FTE jobs over 20 years, with minimum annual local tax payments starting at $16.25M for the first 1,000 acres. This solidifies the project framework and clarifies tax, infrastructure, and phasing, creating long‑run demand for design, construction, utilities, technology, and site services.
LPA sets fixed $1.62 per $100 data center equipment tax rate and guarantees minimum tax payments with underperformance payment options and overperformance credits by phase.
From the meeting
- Meeting date
- July 13, 2026
- Agency
- City of Danville
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