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- 80% off City property taxes on both the buildings and the equipment (servers), 10 years per phase, for up to 5 phases — a flat 80%, no step-down.
- Requires $800 million in investment but only 50 permanent jobs total; remote workers count; wage floor about $16.43/hour, not due for years.
- No water or power limits — utilities live in a separate EPWater agreement that is not part of this contract.
- The City agreed not to recommend taxes or rules aimed at data centers for 35 years, and to oppose public-records requests at the Texas Attorney General on the company's behalf.
- The tax break is only clawed back if the company misses the $800M investment or is convicted of knowingly hiring undocumented workers — missing the job count just lowers future breaks.
- The company can sell or transfer the project and keep the abatement, and can quit the deal at any time, for any reason.
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