A major data center investment in downtown Dallas has significantly scaled back and the Dallas City Council will consider major changes to the original agreement.
A memo sent to Dallas City Councilmembers does not spell doom for Digital Realty Trust, but it shows how much the project is scaling back.
Originally, the City had entered into an agreement where the company would be making over $100-million worth of improvements, but now that cost is closer to $13-million.
A new agreement going before the Council would remove the Business Personal Property Tax Abatement and lower the economic development grant from $1,000 for each new full-time permanent job to $290.
The deadline to meet the employment requirement is at the end of the year.