The money comes after negotiations between the two entities over a second campus Cyrus One intends to build on the far East Side.
This rendering shows a new building Cyrus One is planning to build on the far East Side of Aurora.The city of Aurora could realize about $16 million in reimbursements if the City Council approves a redevelopment agreement with Cyrus One.
Most of the building space would be for data center servers, although the front of the main building would include a lobby and some office space.The new campus is being built on property the city once intended for a different kind of economic development – commercial and possibly hotel uses. That westbound access bisects part of the Butterfield development, with 60 acres to the east and 30 acres to the west. Endeavour Edge is building a large data center campus on the 60 acres, and Cyrus One would build on the 30 acres to the west.
The city spent about $8 million in 2008, which in today’s money is more than $13 million, Alexandrou said. The city spent another $787,500 in soft costs in 2008, which in today’s dollars is about $1.23 million.
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