(SHERMAN, Texas) – 6/2/2017
Sherman Economic Development Corporation (SEDCO) and Thea Development, LLC are pleased to announce the development of the Cassini Gateway I Data Center Campus at Progress Park I in Sherman, Texas. Cassini Gateway I is a shovel ready site that can accommodate over 1 Million SF of data centers in a business-friendly environment. The site has access to clean, low cost, reliable power, all utilities, an excellent network of roads and a skilled workforce.
“SEDCO is a great partner, and Sherman is a fantastic location,” stated Margie Guido, CEO of Thea. “Progress Park I offers a unique opportunity to develop a state-of-the-art data center campus adjacent to the 758 MW Panda Sherman Power Plant.”
“Sherman, Texas is the perfect location for this project with its robust infrastructure, abundant water supply with the capacity of 45 million gallons per day, a pro-business climate, and its proximity to the Dallas-Fort Worth Metroplex,” said SEDCO President John Plotnik. “In addition, SEDCO offers various grants and shovel-ready sites to qualifying companies for expansion, new job creation and relocation projects, which is one of the many reasons this project chose Progress Park I for their new location.”
Cassini Gateway I is expecting capital investment of over $1 Billion that will generate 350 construction jobs over a period of 5 years and more than 150 direct engineering, technology and other jobs. Cloud computing, artificial intelligence and other developing technologies are the forces behind the tremendous growth of the data center industry.
Sherman Economic Development Corporation (SEDCO) has a mission to grow and diversify the economy of Sherman and the surrounding area through the addition of new jobs and investment of primary employers. SEDCO is supported by a local 3/8 cent sales tax, which provides the resources to market the Sherman community, provide cash incentives for new investments and jobs and develop business park sites for industry. For more information, visit www.sedco.org.
Thea Development, LLC works with strategic partners to develop campuses designed to meet the reliability and efficiency demands of large data centers.