BUFFALO, NY (WKBW) - The Niagara County Town of Somerset could be the future home of a multi-billion dollar Verizon data center and hundreds of new jobs.
A public hearing was held Tuesday where Verizon officials outlined drawings and plans to build on the 160-acre site in Somerset. The plans call for three buildings roughly 300,000 square feet each. It would be one of the largest Verizon data centers in the world.
Verizon has also submitted an application to the Niagara County Industrial Development Agency, seeking a payment in lieu of taxes (PILOT) agreement as well as other incentives and benefits. The company is also looking to secure low cost hydropwer from the New York Power Authority.
No deal is certain yet, as the communications giant is still weighing all of their options and have not settled on a site. However, a current bill in the State Senate may be the decider.
Verizon is lobbying against a bill that would contain conditions for givebacks of 40 percent for telephone providers, but does not do the same with cable TV corporations.
The Niagara County Industrial Development Agency estimates the annual economic impact to be around $500 million should the project move forward.