Thor Equities is responding to questions surrounding its proposed Urbana Technology Park and planned data center project.
In a statement sent by Director of Marketing and Communications Katie Smith, the company outlined its vision for the development and its expected impact on the community.
“With any new development, questions are expected — and we welcome them. It’s important that Urbana residents understand what this project is, and just as importantly, what it is not. This data center represents a $1 billion private investment, located in an area well-suited for infrastructure development. The project is expected to generate new tax revenue for the City of Urbana — long-term, locally retained funding that supports schools and other community priorities.From the outset, the project has been designed around the priorities most important to residents: conserving water through efficient systems, protecting stable electric rates for households, and making meaningful investments directly in the Urbana community. We are proud to invest in Urbana and look forward to continued engagement with residents and local leaders to ensure project facts are widely available and this project delivers lasting value.”
No additional information was provided when we reached out for further comment.
