About two years ago, the city was approached by Prime Data Centers, a company with more than a dozen data centers nationwide and overseas. It wanted Avondale to be home to its newest location.

Last year, Blue Owl Partners acquired IPI, and its $10.5 billion data center portfolio, in a $1 billion take private deal; Cerberus Capital Management supplied $200 million in acquisition funding for ...

Elias also said the company had let go of more than a gigawatt of preliminary data center commitments it had made and also five longer-term development deals in prime data center markets.

Founded in 2000, Switch operates its large 'Prime' data center campuses in Austin, Texas; Reno and Las Vegas, Nevada; Grand Rapids, Michigan; and Atlanta, Georgia. Over the last year, it has filed to ...