Norwalk City Council approves development agreement with Tract for a 282-acre data center park

Tract's commitment of $8.2 million towards water and street infrastructure in Norwalk, Iowa, directly facilitated the city council's March 5, 2026, approval of a development agreement for a 282-acre data center park. This upfront investment by the developer de-risks initial site preparation for the municipality, paving the way for a projected $12 billion total investment in the facility. The agreement positions Tract to capitalize on the increasing demand for digital infrastructure capacity in the United States, securing a substantial land parcel just west of Highway 28 and south of Delaware Street for future development. This structure ensures a clear path for the large-scale project, which will eventually occupy 282 acres. For the Norwalk City Council, this development agreement secures a substantial economic boost, projecting $5 million in annual property tax revenue directly for the city and $15 million total for all local taxing entities. The project also promises significant employment opportunities, with an estimated 600 construction jobs during development and 80 permanent, high-quality positions in fields such as engineering and IT. Tract's decision to pursue a $12 billion data center park in Norwalk, Iowa, underscores the ongoing expansion of digital infrastructure requirements across the United States. This specific investment in infrastructure by Tract, totaling $8.2 million, demonstrates a commitment to facilitating large-scale data center deployments in new geographies.