AI Data Center Gets Approval for $165 Billion Phantom Debt Deal

The Doña Ana County commissioners in New Mexico have approved a $165 billion industrial revenue bond package and a set of tax incentives for a massive AI data center project. This deal represents one of the largest economic development efforts in the state's history. The data center project is expected to bring significant investment and job opportunities to the region. The bond package and tax incentives are intended to support the development and operation of the facility, which will likely have a substantial impact on the local economy. The approval of this deal marks a significant milestone for the AI data center, paving the way for its construction and operation. While the exact details of the project and its potential impact are not fully disclosed, the scale of the investment and the scope of the incentives suggest that this development is a major priority for the local government and the region's economic growth.