Amazon Abandons 4 Virginia Data Centers on $427M Site

Tech1 day ago

Local residents successfully blocked the construction of new computing facilities in the region through widespread opposition. Amazon withdrew its plans to build four data centers on the 122 acre former GWU Ashburn campus in Loudoun County, which it had purchased for roughly $427 million.

The company will donate 25 acres of the property to the local government to develop a community arts center. This decision marks the end of the company's attempt to utilize the former academic site in Northern Virginia for its cloud infrastructure expansion.

Mapped to your portfolio

Possible scenarios

40%Virginia Bottleneck Persists-0.1%
25%Backlash Spreads Nationally-0.3%
20%Amazon Reframes Capex-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Amazon Abandons 4 Virginia Data Centers on $427M Site

In this story

Amazon (company)Loudoun County, Virginia George Washington University Virginia

$AMZNAmazon.com, Inc.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Virginia Bottleneck Persists-0.1%
25%Backlash Spreads Nationally-0.3%
20%Amazon Reframes Capex-0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.