Tim Stenovec

Why San Jose?

Well, we're in a really fortunate position in San Jose to have two gigawatts of new power coming online over the next four years.

We're the only city in California with that kind of new load capacity.

And this particular location is really unique.

It's up in North San Jose next to 237, a large freeway here, right next to our wastewater treatment facility, which means access to ample recycled water at a reasonable rate.

as well as one of those new transmission lines coming into the city of San Jose.

So as you mentioned, while the rest of Silicon Valley, which is largely built out, is having to turn data center projects away, we've just said yes to Prologis' proposal to put 400 megawatts worth

data centers right here in the heart of Silicon Valley.

We think it's a really exciting opportunity in terms of economic competitiveness, job growth, tax base.

And those infrastructure pieces are right there in place to facilitate it.

You mentioned it's right by a wastewater treatment facility.

It makes me think that perhaps this wouldn't be the best place to build affordable housing.

Is it fair to say that this is not a site that is zoned for that?

That's part of the benefit here is that in much of the city we're trying to enable housing, mixed-use development, retail, more transit-oriented development.

This particular site is up next to the bay.

You've got wastewater treatment.

There's a landfill nearby.

Fortunately, servers don't complain about odors.

So we think it's the perfect location.

There's also just nowhere else in Silicon Valley with...