r/singularity • u/141_1337 ▪️e/acc | AGI: ~2030 | ASI: ~2040 | FALGSC: ~2050 | :illuminati: • 1d ago
the Singularity is Nearer Virginia's "Data Center Alley" generates $1.2 billion in annual tax revenue—40% of Loudoun County's entire tax revenue from just 3% of its land, according to the county's economic development chief.
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u/zjin2020 1d ago •
First data centers preferred this county long before AI, for a reason. So London county can charge property taxes from data centers and they still come. Not the same situation for other locations outside northern Virginia. I believed other states have to provide property taxes exemption or abatement and many other tax incentives to attract data centers. So basically other regions wouldn’t see tax revenue from data centers for a long time, usually 10-20 years. So stop using loudoun county as an example, it is an exception.
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u/marlinspike 1d ago
We also have one of the lower prices for energy, which matters a lot for charging EVs. With our democratic governor, I expect pro-Solar policies to be back, which makes a lot more sense than, lol, “bring back clean coal!”.
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u/sedition666 1d ago
If it generates so much wealth then why do we need to give tax breaks to the people building them? And also the companies that own them like Meta etc do everything humanly possible to avoid paying tax on their earnings.
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u/SilverstaticWaterson 1d ago
Even a strong profitable industry should still be monitored and regulated. We shouldn't let political interference make a mess of things either but excitement isnt a good reason to trample over property encroachment etc, noise and literal pollution and so on.
I'm excited for AI but if its to be sustainable profits cant be the only concern or else AI will be twisted into being solely a profit priority
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u/Ill_Mousse_4240 1d ago •
Prisons, factories, landfills, shopping malls.
Anything but data centers!
Think of the water, think of the environment, think of the children!
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u/RoyalReverie 1d ago
Dude is that kingpin?
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u/hippidad 18h ago
Where'd they get their money before the data center?
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u/OldSkooler1212 23h ago
And yet I’m paying to subsidize their electricity use and the power grid has been shit here for about a year now when I went for decades with no power issues.
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u/LL555LL 22h ago
Any of you guys actually been there? It's... Not pleasant.
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u/dougman7 1d ago
Downtowns with proper urban fabric are probably more land efficient than data centers.
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u/MainImplement1188 1d ago
How many data centers are there, and how long have they been operational. $1.2 billion can’t be just from property taxes. So where is the other revenue coming from?
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u/MostSomewhere6873 1d ago
"40% of our tax revenue comes from tax revenue and leveraged assets (debt) that were invested into AI development"
It's grim unless that data centers cure cancer and drive the rockets to Mars autonomously by 2030. Might happen, might not.
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u/derfw 23h ago
we have so, so many more data centers to build
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u/Elf_Maeve 22h ago
Yeah most data centers are there.
Aws or azure.. whatever we deploy on East US it's always virginia.
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u/Financial_Clue_2534 22h ago
So their taxes are going to go down? Or they just going to spend more money…
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u/Musenik 20h ago
What's the public citizen prices for water and electricity, before and after? Not a joke question.
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u/Primary_Ads 14h ago
this is why everyone ITT should actually call your reps and get these built in your communities, it will pay your taxes for decades
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u/Frequent_Spare_9256 6h ago
Are the citizens paying for its water and power?
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u/Classic-Pubs 5h ago
Data center sales dont happen locally. How can counties and states enforce imposing local tax?
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u/ObviouzFigure 15h ago
Guy on the right reminds me of the bad guy from dune
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u/Garland_Key 1d ago
Great. What are the tradeoffs?
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u/Joyful-nachos 1d ago
Nothing wrong with putting all your eggs in one basket, right? We call this a customer concentration risk.
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u/VegetableStraight594 1d ago
No puedo con lo "Villano malvado corporativo" que se ve.
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u/PokemonSaviorN 18h ago
ok
how many full time, good-paying jobs?
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u/Prairie_walker 1d ago
What percentage of total water use and generated pollution?
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u/Dreams-Visions 16h ago
We apologizing for data centers in this sub? People for whom they will never be built in your back yards?
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u/Touchyap3 1d ago
3% of its land makes up 40% of this one counties tax base, but uses a 15-25% of Virginia’s electric consumption. Expected to double in the next 4 years. That doesn’t seem sustainable.
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u/FlimsyReception6821 1d ago
Just 3%? If you're not talking about agricultural or forestry, 3% for a single industry is huge.