Official City Release
City Council to consider incentives for EDC Fort Worth LLC
Mentioned Entities
Analysis
Overview
Fort Worth City Council is considering an $18.2 million tax abatement for EDC Fort Worth LLC (Edged US) to construct a $1.1 billion, two-phase data center at Veale Ranch in west Fort Worth.
Financial Highlights
Development & Land Use
Infrastructure & Facilities
Community Impact
Insights by Role
Contractor
HighHigh significance — major decision, large financial impact, or broad community effectTotal construction commitment across both phases is $570 million, with 30% — approximately $171 million — required to flow to small business firms meeting the city's goal. Phase I construction must reach $270 million by December 2028, creating near-term bid opportunities for firms that can qualify.
Journalist
HighHigh significance — major decision, large financial impact, or broad community effectCity Council votes on the $18.2 million abatement on March 31, 2026. The deal's self-funding framing — $49.3 million in projected net new taxes against the $18.2 million incentive — rests on decade-long BPP assessments in a sector subject to rapid equipment depreciation, and is worth stress-testing against prior Fort Worth industrial abatement outcomes.
Developer
MediumMedium significance — notable action worth trackingThe Veale Ranch site already has compatible zoning and land and water use approvals in place, and the data center project will activate TIF-funded infrastructure reinvestment in the surrounding area. Developers with holdings or options adjacent to Veale Ranch should monitor how TIF proceeds are allocated and what infrastructure improvements are triggered by Phase I completion.
Source Text
Open source →EDC (Edged Data Centers) Fort Worth LLC is proposing the creation of a new $1.1 billion data center at Veale Ranch in west Fort Worth.
EDC Fort Worth LLC, known as Edged US, develops and operates high-density data centers for both multi-tenant and build-to-suit customers. Edged US operates facilities in several major markets across the United States and is recognized for its ultra-efficient cooling technology designed to support next-generation computers.
Edged US is part of a network of companies founded by Endeavour, a global leader in sustainable infrastructure driving innovation across energy, water and technology.
The proposed data center would be located at Veale Ranch, within a planned industrial site that already has compatible zoning, land and water use, and residential buffers in place for developments of this kind. A new Oncor substation would also potentially be located on-site.
The proposed data center would be completed in two phases:
Phase I: Company would commit to $270 million in real property construction costs by December 2028 and $300 million in business personal property (BPP) costs by January 2029.
Phase 2: Company would commit to $300 million in additional construction costs by December 2030 and $225 million in additional BPP by January 2031.
The company would also be required to maintain a minimum of $300 million in assessed BPP on an annual basis.
Additionally, EDC Fort Worth LLC would commit to creating a minimum of 50 full-time jobs with annual average salaries of $73,000, with at least 25 jobs being created by December 2028 and another 25 by December 2030. The company would also commit to meeting the City’s small business firm goal for 30% of construction costs for this project.
In exchange, the City of Fort Worth would provide a tax abatement for incremental City BPP taxes at a rate of 50% for a 10-year term — an incentive currently valued at $18.2 million. The project would fund its own incentive and is projected to generate $49.3 million in net new taxes to the City over the term of the abatement.
Incentive payments would be subject to the company’s performance requirements, which could result in a forfeiture of the annual abatement or default if not met. If the project moves forward, it would deliver new near-term value to the Veale Ranch tax increment finance district (TIF), which would then be reinvested in critical infrastructure improvements as the area continues to develop.
The project has already received support from the Electric Reliability Council of Texas (ERCOT) and would be required to comply with both energy and water best practices. It will go before City Council for consideration on Tuesday, March 31.
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