Farmington Technology Park
Farmington Technology Park is a master-planned data center campus on 336 acres located in the southeast corner of the City of Farmington. The property located at 2830 220th St W was purchased by Tract in February of 2026. This project will:
- Enhance local infrastructure including wet utility, power and road improvements
- Strengthen the City’s and school district’s tax base through private investment
- Implement standards to provide additional requirements and regulations fit for a data center campus
- Dedicate 11.50 acres of right-of-way and 2 acres for a future public water tower
- Dedicate 79 acres of conservation easements over the Vermillion River floodplain and existing wetlands
Project Status
The Farmington Technology Park has received all its major planning and entitlement approvals, and is moving into the site-preparation phase.
Previous Approvals:
- The Final AUAR for the Technology Park was adopted by City Council on November 4, 2024
- The Preliminary Plat, Rezoning application to Mixed Use Commercial/Industrial (MUCI), and 2040 Comprehensive Plan amendment was approved by City Council on November 4, 2024
- The Final Plat and Planned Unit Development (PUD) was approved and adopted by City Council on November 18, 2024
- The Development Agreement with the City of Farmington was approved by City Council on December 2, 2024
- Met Council approved the Comprehensive Plan Amendment on May 14, 2025
A detailed timeline of the project’s previous approvals can be found on the City’s website here.
Project Benefits
The Technology Park represents a significant private investment in Farmington that will:
- Create ~275 new high-quality, good-paying jobs
- $18M paid to the school district (~$3,000 per student) when the property is purchased by Tract
- Significant tax dollars generated to support public safety, infrastructure upgrades, parks, and more
School District is the main beneficiary from FPS Property Purchase
With the future purchase of the Farmington Public Schools property, $18 million will be paid to the school district. This amounts to roughly $3,000 per student in the Farmington Area Public Schools. The project is anticipated to generate $75 million in tax revenue for the school district over a period of 20 years.
Local Tax Generation
Developing a master-planned data center campus requires significant capital investment from the private sector for buildings and infrastructure, construction, equipment, and ongoing operational expenses. With this level of investment, millions of dollars from tax revenue will be generated each year that can support public safety, infrastructure upgrades, parks improvements, schools, and more.
Property Values and Taxes
Do data centers negatively impact nearby home values?
No, broad evidence shows that data centers do not impact home values negatively. In the largest data center market in the world (Northern Virginia), a George Mason University study found no price penalty for homes closer to data centers after controlling for the usual drivers of value. In fact, homes farther from data centers tended to sell for less, not more.
A nationwide review of ZIP codes with large data center campuses found about two-thirds kept up with or beat their state’s 5‑year home-price appreciation, with only 1 of 130 ZIPs showing negative growth.
See Tract’s white paper for full details on the data, and data analysis: “Data Centers and Residential Property Values”
How does the Farmington Technology Park affect local property taxes?
The Technology Park would add a large new commercial tax base in Farmington, Dakota County, and the Farmington School District, while putting relatively low demands on city services (no new students, limited public safety calls, low daily traffic).
If nothing else changes and the campus is built out over the next 10 years, the additional tax base is expected to stabilize or even reduce overall city property taxes, instead of allowing them to rise—potentially by thousands of dollars for the average household—without this investment.
What is the relationship between property taxes, home values, and revenue generated by this project?
Property taxes pay for the things that often positively impact property values, like increased investments in:
- Strong public schools
- Parks, trails, and recreation
- Safe streets and reliable infrastructure
- Police, fire, and emergency response
A project like the Farmington Technology Park helps shift more of that cost onto a high-value commercial taxpayer and away from homeowners—while sustaining and improving the schools, safety, and amenities buyers look for when they decide what a home is worth.
What’s the bottom line for Farmington?
- No systemic evidence that data centers depress nearby home values
- Major new commercial tax base with low service demand
- More revenue to fund schools and services that support higher home values
- A realistic path to holding the line on residential property taxes—or better—over time
Jobs
What kind of jobs do data centers create?
Construction & Skilled Trades Jobs
During the construction phase, the project will support hundreds of skilled trades jobs. These include:
- Electricians, plumbers, and pipefitters
- Steelworkers, concrete and grading crews
- Network/low-voltage cabling contractors
- HVAC and mechanical contractors
- Other civil and general construction trades
Most of these positions can be filled by local and regional workers, including residents of the Farmington area and Castle Rock.
Permanent Jobs
At full buildout, the campus is expected to support approximately 275 permanent, high quality jobs, many of them high wage roles averaging around $125,000 per year, such as:
- Data center and IT technicians
- Network and systems engineers
- HVAC/mechanical technicians and electricians
- Security and site operations staff
- Facilities and grounds maintenance
- Site management and support roles (health and safety, logistics, customer support)
These are long term, year round positions in a growing sector.
Beyond our campus, how do data centers affect the broader U.S. economy?
Nationally, data centers are now a major driver of jobs, GDP, and tax revenues:
- Jobs: Total employment supported by the U.S. data center industry grew from ~2.9 million in 2017 to ~4.7 million in 2023 (about +60%). Direct industry employment grew by more than 50%, compared with roughly 10% overall U.S. job growth.
- Job multiplier: Each direct data center job supports ~6–7 additional jobs elsewhere in the economy (supply chain and local services).
- GDP: Annual contribution to U.S. GDP rose from ~$355 billion in 2017 to ~$727 billion in 2023 (about +105%). Over 2017–2023, data centers contributed roughly $3.46 trillion in total to U.S. GDP.
- GDP multiplier: Every $1 of GDP produced directly by data centers is associated with about $2.50 of GDP elsewhere in the U.S. economy.
- Tax revenues: Combined federal, state, and local tax revenues linked to data centers increased from ~$66.2 billion in 2017 to ~$162.7 billion in 2023 (about +146%), totaling roughly $715.5 billion over that period.
- Infrastructure Investment: Hyperscale data center and AI infrastructure investment is approaching $400 billion per year, accounting for a significant share of recent U.S. GDP growth even though it is only a small slice of total GDP.
Project Preparation
Site Security
As construction begins at the Farmington Technology Park, Tract will implement appropriate site surveillance and patrolling, as needed, to help keep the area safe and secure for workers and the surrounding community. Any surveillance cameras that may be installed will be used solely to monitor activity within the project site and will not record areas outside of our property line. These measures are intended to support public wellbeing, protect construction personnel and equipment, and ensure that the site is managed responsibly throughout the construction process.
Site Preparation
Tract intends to begin site preparation work in Q2 of 2026 on the golf course property, which includes, fence repairs, structure demolition of the clubhouse, and soil investigation.
Tract is committed to being a good neighbor, and as such, is planning to install landscape berms including tree plantings along the west and east sides of the golf course property to provide noise and visual mitigation prior to any larger construction activities. The landscape berms are in the initial stages of design, but the following renderings provide a visual representation of what the berms could look like and the screening they would provide once vertical construction is complete.
Tract is committed to working in partnership with the Farmington community and welcomes your ideas for the landscape and berm design. If there are features, plantings, or design elements you would like us to consider, please share your suggestions with us at connect@tract.com so we can incorporate community priorities into the final design where possible.
View from Calhoun Ct west of property
View from neighbor's porch on east side of property
