MEMPHIS, Tenn. – There are a lot of questions and concerns about the data centers moving to Memphis, especially around the environmental impacts. However, the xAI supercomputers are also expected to bring in millions of dollars in property tax revenue.
As FOX13 reported on Tuesday, the city is considering investing a chunk of that money in neighboring communities. “That will allow the public to give us feedback on how they think these dollars should be spent,” Mayor Paul Young said on Tuesday. “But the important goal for us is to get this ordinance established so that we can begin taking 25% of these revenues and investing it directly into communities that are immediately adjacent to the properties.”
The proposal would benefit communities living within five miles of an artificial intelligence data center. Memphis currently has two owned by xAI…