The city of Memphis plans to spend $3.2 million on home repairs, a paid community cleanup workforce program, environmental testing, and more for residents in the 38109 community.
The funds come from the Community Benefits Fund, which utilizes a portion of the tax revenue from AI properties in the city to help residents within a five-mile radius of the site.
Mayor Paul Young said the passage of the Community Benefits Ordinance could serve as a model for how other cities utilize the financial impact of data centers in local communities…