Facebook, which has built a series of facilities in Los Lunas in the last 4 years since it first announced it was locating a data center in the central New Mexico village, is now seeking to expand its presence.
Greater Kudu LLC, a Facebook subsidiary, is hoping to secure around $6.6 billion in industrial revenue bonds to construct what will eventually be a half a dozen new buildings, roughly doubling the internet service’s footprint in New Mexico.
The bonds have to win the approval of the Los Lunas Village Council, which is expected to take the matter up during its March 11 meeting.
In voting for a resolution allowing the bond resolution to go forward, Los Lunas council members were voting “for the purpose of inducing Greater Kudu LLC to expand its data center campus and related and similar facilities” located with the boundaries of Los Lunas.
It is thought that it will cost just over $800 million to build the first two initial structures in the expansion project, both to be completed during a two-year timeframe.
Facebook announced in the fall of 2016 that it would be building in Los Lunas, starting in on the immediate construction of a 510,000 square foot facility after securing a series of property and other tax incentives from the village and State of New Mexico officials.
The social media and advertising company subsequently opened its first data center facility in Los Lunas in early 2019, a project that cost more than $1 billion to build.
Based in Menlo Park, California, Facebook is regarded as one of the world’s most valuable companies, enjoying revenues in 2020 of just under $86 million.
Last year the company released a study showing that its investment in the eight data center locations it has so far completed amounted to more than $11.5 billion.
By Garry Boulard
