
The Danville Pittsylvania Regional Industrial Facility Authority has approved selling land at the Southern Virginia Megasite at Berry Hill to a company that is connected to data centers. On Monday RIFA voted in favor of selling nearly 3,000 acres at the Southern Virginia Mega site at Berry Hill to SAC III Acquisition Co., LLC.
SAC III has agreed at minimum to make certain capital investments of at least $100 billion over a 30-year performance period.
The company will also create at least 2,500 new jobs over a 20 year performance period, with annual compensation of at least $80,500.00.
SAC III Acquisition Company is an affiliate of Stack Infrastructure, a company that is a developer and operator of data centers. They currently have eight data center locations across the United States.