Posted March 08, 2021
COVINGTON, Ga. — Another data center is headed to Stanton Springs.
Bond documents for a major economic development at the multi-county industrial park show the issuance is strikingly similar to the one approved in 2018 for Facebook’s Newton Data Center, which was operating as Morning Hornet LLC at the time.
The Joint Development Authority of Jasper, Morgan, Newton and Walton Counties recently approved a $42 billion bond to Baymare LLC on Feb. 23 for a large-scale project, and also a purchase and sale agreement for more than 628.5 acres of land, priced at $62,500 per acre.
Both bond issues approved by the JDA were for $42 billion. Both bond issues were to fund “a data center and economic development project.”
Bond documents for the current development state Baymare is a Delaware limited liability company. Morning Hornet was also listed as a Delaware limited liability company in 2018 bond documents.
Shane Short, lead economic development director for the JDA and executive director of the Development Authority of Walton County, has said he could neither confirm nor deny the most recent bond issue was for another project for Facebook.