GW University Campus Will Become an Amazon Data Center
Newser • • business
Key Points:
- George Washington University has sold its Virginia Science and Technology Campus in Ashburn to Amazon Data Services for approximately $427 million, highlighting the high value of "data center ready" land in the region known as Data Center Alley.
- The 122-acre site was sold at about $3.5 million per acre, with the agreement allowing for a "data or information technology center" to be developed on the property.
- Although the sale won't fully close the university's budget deficit, the proceeds will help establish an endowment for research, teaching, and financial aid, and the university can continue its programs at the site for up to five years during Amazon's build-out.
- Amazon's purchase is part of its broader $35 billion investment
