A subsidiary of Google is considering investing in a $600 million data center in the New Albany International Business Park, according to a fact sheet provided Dec. 10 by the city of New Albany.

If the project moves forward, it would create 50 jobs by the end of 2023, according to a legislative report for New Albany City Council members.

The potential data center would be on a 447-acre site on the west side of Beech Road, south of the state Route 161 interchange. The project could cover about 275,000 square feet when it is finished.

New Albany Mayor Sloan Spalding said the city welcomes and supports the project.

City Council on Dec. 10 voted 6-0 to approve a Community Reinvestment Areas agreement and a development and supply agreement. Council member Marlene Brisk was absent.

The Community Reinvestment Areas program, often referred to by the acronym CRA, is an economic-development tool administered by municipal and county governments that provides property-tax exemptions for property owners who renovate existing or construct new buildings.

Under the agreement, the Google subsidiary, Montauk Innovations LLC, would be required to generate a minimum of $750,000 in annual revenue for the city per year beginning in 2021, with that amount increasing over time, according to the legislative report.

The city's incentive package includes a 100 percent real property-tax abatement for 15 years and building and permitting fee waivers of up to $250,000, according to the fact sheet.

City officials estimate the Licking Heights Local School District and New Albany-Plain Local School District would receive an estimated $1 million in the aggregate revenue annually from the project during the tax-abatement period, according to the legislative report.

"If the project moves forward, our school partners really will benefit from it," said city spokesman Scott McAfee.

He said he could provide no additional comment.

The Google subsidiary also has the opportunity to receive state incentives.

The Ohio Tax Credit Authority approved a 100 percent, 15-year data-center sales-tax exemption for the project, as well, according to a Dec. 10 press release.

A legal represenative for Montauk declined comment Dec. 10.

ssole@thisweeknews.com

@ThisWeekSarah