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Altoona Says $1.5 Billion Data Deal Down to the Details

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    April 14, 2014 | 10:02 am
    ALTOONA, Iowa (AP) Officials say they're discussing the details on a deal for a $1.5 billion data center in the Des Moines suburb of Altoona.

    The Des Moines Register says ( ) lawyers were involved in conversations last week about infrastructure, development agreements and contracts with the still-unnamed company.

    Altoona City Administrator Jeff Mark told the City Council the project is nearing a point at which the company will reveal itself.

    He says the parties involved want to sign a contract and buy land before January.

    The City Council rezoned land in June to support a site plan with three buildings.

    Iowa is believed to be competing with a site in Kearney, Neb.

    Nebraska Department of Economic Development Director Catherine Lang says there haven't been recent developments with the Kearney project

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