Altoona Says $1.5 Billion Data Deal Down to the Details

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By Aaron Hepker

Story Created: Nov 15, 2012 at 12:49 PM CDT

Story Updated: Nov 15, 2012 at 2:47 PM CDT

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 (http://dmreg.co/U1ooyM ) 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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