Repaying these bonds won’t cost Clarksville taxpayers a dime.
Bonds are a common economic development tool for large projects like this one. Clarksville issues the bonds, but they are not a debt of the city: the data center’s lease payments cover 100% of principal and interest. Neither ordinance raises household taxes or pledges city tax revenue.
Voting FOR on BOTH Delivers:
Plus $200,000 a year per occupied building to a community foundation for local education, health care and charities.
A NO vote on both means the data center doesn’t owe these payments under the current deal.
Questions neighbors ask
Are taxpayers on the hook for $55 billion?
No. The companies repay the bonds through their leases. Clarksville pledges no city tax dollars toward that debt, and if the data center ever shut down, taxpayers would owe nothing.
Will this raise my utility rates?
No. The data center funds the power, water, sewer and fiber infrastructure the campus needs. The project is not expected to increase residents’ utility rates.
What about our water supply?
The developer says the data center’s cooling system recirculates water through sealed pipes and releases heat through air-cooled chillers.
already paid in permit fees, now funding streets, pool upkeep, tornado sirens and parks. That money stays in Clarksville either way.