Quality Technology Services
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Search complete. 75 mentions across 19 episodes found for "Quality Technology Services".
Sep 24, 2026
Tamara ScottHOST
The city released few to no details to the public.
Tamara ScottHOST
The elected officials implied that the project, an 1,100-acre proposal from Blackstone's QTS company, was only in early discussion.
Tamara ScottHOST
That's what they told you all this year in 2026? Correct.
Tamara ScottHOST
All right.
Tamara ScottHOST
So let's go to screen 51.
Tamara ScottHOST
All right.
Tamara ScottHOST
open records request would reveal that the city had been discussing preparing for QTS project actively since 2024.
Tamara ScottHOST
2024.
Amanda DicksonHOST
Eagle Mountain City planners voted to rezone over 40 acres of land, opening it up for a potential data center in the future.
Amanda DicksonHOST
Regan Peck owns the land near the already existing Meta Data Center and the in-progress QTS Data Center.
Amanda DicksonHOST
He requested the rezone, saying he would like to keep possibilities for the property open.
Regan PeckSOUNDBITE_SPEAKER
We feel comfortable as a resident, as a living here, working here, that it's good for the city given where we're at.
Amanda DicksonHOST
Eagle Mountain City planners voted to rezone over 40 acres of land, opening it up for a potential data center in the future.
Amanda DicksonHOST
Reagan Peck owns the land near the already existing Meta Data Center and the in-progress QTS Data Center.
Amanda DicksonHOST
He requested the rezone, saying he would like to keep possibilities for the property open.
Reagan PeckSOUNDBITE_SPEAKER
We feel comfortable as a resident, as a living here, working here, that it's good for the city, given where we're at.
Winfield SicklesCORRESPONDENT
That then leads to more hiring opportunities.
Winfield SicklesCORRESPONDENT
And a lot of that is blue collar driven, like at QTS, where we had 13,000 people on site at the beginning of 25, 40,000 at the end of this year, going to 70,000 next year, high paying jobs, then feeds back into the consumer.
Winfield SicklesCORRESPONDENT
So there's this flywheel developing in the economy, the circularity that I think is very positive and self-reinforcing.
Christine AndersonHOST
Super helpful take.
Tiffany O'DonnellGUEST
Yeah, absolutely, Chris.
Tiffany O'DonnellGUEST
And I think what's unusual about Cedar Rapids is that the conversations about the two hyperscale facilities, Google and QTS for us, really began in 2019.
Tiffany O'DonnellGUEST
So this was before, you know, any nationwide conversations were happening.
Tiffany O'DonnellGUEST
And it was really on our radar as one of certainly the city's largest economic development projects and one of the state's largest economic development projects.
Tiffany O'DonnellGUEST
As soon as it's up and running.
Tiffany O'DonnellGUEST
So for a 15-year time period.
Tiffany O'DonnellGUEST
And QTS is similar.
Tiffany O'DonnellGUEST
Those are for dollars that will go out via the city and the city council.
David McCallHOST
Jeremy, Greg, Jeff, thanks for joining the QTS experience.
David McCallHOST
I appreciate it.
Jeff SangilloGUEST
Yeah, happy to be here.
6 MINS LATER
Greg WuestnerGUEST
I'll try to.
Greg WuestnerGUEST
So my name is Greg Wiesner.
Greg WuestnerGUEST
I've been at QTS for about four years.
Greg WuestnerGUEST
I'm a director of engineering and innovation in the technology department.
Greg WuestnerGUEST
Prior to joining QTS, I spent about 10 years in the Army.
Sharon FaldutoNARRATOR
Officials with payload in Lynn County, for example, have stated the city will not offer any sort of tax break for a proposed Google data center project that could end up within the city limits.
Sharon FaldutoNARRATOR
The city of Cedar Rapids approved 20-year, 70% property tax breaks for the two data center campuses curly under construction near the Eastern Iowa Airport in southwest Cedar Rapids, one from Google and another from QTS.
Sharon FaldutoNARRATOR
The Google site has a minimum required investment of $576 million, although actual costs are expected to land closer to $3.5 billion.
Sharon FaldutoNARRATOR
QTS is expected to invest closer to $4.5 billion, with a minimum investment of $750 million based on its development agreement with the city.
Sharon FaldutoNARRATOR
We're not giving anything away, Cedar Rapids Mayor Tiffany O'Donnell said when incentives were approved.
Sharon FaldutoNARRATOR
We're investing in our future and the return, jobs for our residents, growth for our economy, and revenue that's going to strengthen our community for generations to come.
speaker_0HOST
Blackstone now values its data center platform at $185 billion.
speaker_0HOST
A QTS bond tied to a Microsoft lease at Fayetteville shows how tenant credit still sells paper.
speaker_0HOST
Regulators are watching whether banks truly exited the risk or just recycled it through funds.
speaker_0HOST
Do not buy the lease story without the refinance path.
Ralph SinclairHOST
Yeah, I mean, we should say as well that in the ABS market in the US, data center issuers haven't had it all the way in rate recently either.
Ralph SinclairHOST
Anyone who cares to can find the tale of QTS's most recent syndication on the website, and I urge them to do so.
Ralph SinclairHOST
But we should talk, you know, let's talk a little bit about CMBS specifically.
Ralph SinclairHOST
What concern do investors have about this particular asset class that might be the reasons why GI Partners is having to sort of explore wider pricing for its deal?
speaker_0NARRATOR
While the NDA is in effect, the developer sometimes assigns the project a code name.
speaker_0NARRATOR
For example, the massive QTS campus in Fayette County, Georgia, before it was publicly identified as QTS, was called Project Excalibur.
speaker_0NARRATOR
A two gigawatt meta facility in Louisiana was called Project SAIL.
speaker_0NARRATOR
Residents in the affected community typically learn of the project only at a public hearing, if at all, at which point the deal may already be structured with financing in place, a committed developer, and the local government on board.
38 MINS LATER
speaker_0NARRATOR
In 2026, the pace of community opposition accelerated.
speaker_0NARRATOR
In the first three months of the year, Data Center Watch counted at least 75 major data center projects worth roughly $130 billion blocked or delayed by local opposition.
speaker_0NARRATOR
One of the largest proposals died on July 2, 2026, when QTS withdrew its final appeal to the Virginia Supreme Court and the Digital Gateway.
speaker_0NARRATOR
The $24.7 billion Prince William County proposal that Part 1 followed was blocked for good, four years after it was first filed.
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