Developers secure funding for $50M Hammond data center

HAMMOND, Ind. (AP) - The developers of a $50 million data center that's under construction in northwestern Indiana say they've secured full financing for the project's first phase.

New York City-based Star America Infrastructure Partners will help fund the 105,000-square-foot data center in Hammond. The private Connecticut-based investment firm Bank Street has served as the project's financial adviser.

The Digital Crossroads Lake Michigan data center is under construction at a former coal-fired power plant site along Lake Michigan in Hammond that was shuttered in 2012 and had long been one of the Chicago area's worst polluters.

The (Northwest Indiana) Times reports that Hammond's Digital Crossroads center will join other data centers that have been springing up in Chicago to serve soaring demand for data storage, such as for streaming movie and music services.

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Information from: The Times, http://www.nwitimes.com