Last year, income from data centers displaced hotel tax as the Santa Clara general fund’s third-highest revenue source after property and sales taxes.
But some question the economic wisdom of the city-owned electric utility, Silicon Valley Power (SVP), investing in expanded electrical infrastructure that will largely serve data centers, suggesting that it seems like a zero-sum transaction.
Another way you could look at that is: If you’re a business that gets 60% of its revenue from one group of customers, it makes sense to invest in accommodating those customers’ growth…