Locator: 51209TSMC.
Pageviews: 69,469,308 -- 9:56 a.m., Tuesday, July 28, 2026.
Updates
July 28, 2026: link here. This project now up to $14 billion.
Meta Platforms and the world’s largest asset manager, BlackRock , on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.
The race to build out AI infrastructure has prompted tech giants to turn to debt sales worth tens of billions of dollars or seek external capital from fund managers such as BlackRock due to an unprecedented scale of investment.
Meta said BlackRock-managed funds will take an 80% ownership stake in the venture, with Meta retaining the remaining 20%. A portion of BlackRock’s investment will be financed through $12.5 billion in debt. Meta will also receive a $1 billion distribution to align ownership.
Meta will contribute land and in-progress construction assets worth about $2.3 billion, while BlackRock will make a cash contribution of about $4.9 billion, the company said.
The Facebook-parent earlier said it was building an over $10 billion data center project in El Paso, near the Texas-New Mexico border, among 28 data centers it has in either operation or under construction in the U.S.
Original Post
I just posted a link to a WSJ article about Meta -- BlackRock -- El Paso and a $12-billion LDC. I didn't like the post because I didn't think I explained what I was thinking well enough. I was trying to articulate the amount of money being spent on all this tech. I just can't get my head around it.
Just after posting that article, I got this article from a reader -- thank you -- and the link -- again, the amount of money is incomprehensible. I'll leave it there. Look at how this project in Phoenix has grown in just a few years. I think this has been posted previously from a different source. But it's nice to see it again.
Again, in case you missed the link from above, here's the link so you can see the rest of the article: https://www.orionprop.com/topfive/phoenix-mayor-says-tsmcs-265-billion-investment-is-historic-on-multiple-levels/.
