Apple’s Most Expensive Acre

Data Center Knowledge (Oct 5 2010) Cloud Computing

1. One of the major benefits cited for building data centers in rural areas is the lower cost of land. Real estate comes at a premium in major cities, while land is much cheaper in rural areas with abundant open space and modest business activity. These factors allowed Yahoo to acquire land for its new data center in Lockport, N.Y. at a cost of about $8,000 an acre. But the “location, location, location” rule sometimes works in the landowner’s favor, even in places like Maiden, North Carolina. That was the case for Apple, which wound up paying a local couple $1.7 million for a 1-acre tract adjacent to its new data center project in Maiden. Donnie and Kathy Fulbright had lived for 34 years on the site they purchased for $6,000, and were in no hurry to sell. (Read Full Article)

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