Balboa Park San Diego - Facebook Inc (NASDAQ:FB) May Be Mystery Owner Of Project Catapult

Source - http://www.marketnewscall.com/
By - Marc Nielsen
Category - Balboa Park San Diego
Posted By - San Diego Hampton Inn

Balboa Park San Diego

One of the longest unsolved mysteries in the data center industry may well be on the way to be being solved, according to a report.

Facebook Inc(NASDAQ:FB) may be the company behind Project Catapult, a data centre facility in Iowa that is coming up at a cost of $1.5 billion. While the cost is not staggering, the indemnity of who could be behind this unit has been long remained under wraps.

Cnet, which has been following developments, said that the The Des Moines Register cited legislative sources in reporting the news, in a story that was picked up by insider data blog Data Center Knowledge.

The Register described the facility as the “most technologically advanced”. It said that the 1.4 million square foot project is expected to be built in two $500 million phases. Data Center Knowledge says the facility will include three 466,000 square foot data centers.

The project has already been approved by government officials and local authorities and it will also be extended tax credits and other sops.

According to the various reports swirling around about the project, Facebook is seeking wind energy production tax credits, and a new payment rate on water is also part of the negotiations.

The reason why Facebook’s name has cropped up in connection with the project is that the site plan submitted to Altoona officials is very similar to that of Facebook projects in Oregon and North Carolina.

On the other hand, there is also speculation that Apple might the owner of the project due to the use of solar cells.