CLAREMORE, Okla. — The planned data center project at the Claremore Industrial Park has reached a major development milestone following the closing of the property transaction and finalization of agreements outlining the project’s development and financial commitments.
The project, being developed by Beale Infrastructure, will now move into its next phase, which includes permitting, regulatory reviews and other standard development requirements. Site activity and construction will move forward as those requirements are completed.
According to the City of Claremore, the agreements include significant financial commitments to local governments, schools and other public entities, as well as funding for infrastructure and community improvements.
Over the 25-year term of the agreements, the project is expected to provide more than $180.5 million in PILOT payments, community funding and infrastructure-related deposits.
The project is also expected to generate more than $400 million in electric revenue and sales tax over the next 30 years, which city officials say can be reinvested into local infrastructure and public services.
$172.5 Million in PILOT Payments
Under the Tax Increment District framework approved by the City of Claremore and participating taxing entities, approximately $172.5 million in payments in lieu of taxes, or PILOT payments, are anticipated over 25 years.
The framework anticipates a five- to seven-year construction period.
Estimated payments include:
- Sequoyah Public Schools: $100 million
- Oologah-Talala Public Schools: $26 million
- Northeast Technology Center: $22 million
- Rogers County: $20 million
- Rogers County Health Board: $3 million
- Oologah-Talala Emergency Medical Services: $1 million
- Rogers County Fair Board: $470,000
Community and Infrastructure Funding
Beale Infrastructure has also pledged $5 million to a Community Betterment Fund for Claremore.
The first $2.5 million is expected by the end of 2026, with the remaining $2.5 million scheduled by the end of 2027. The money may be used for parks, community spaces and other quality-of-life projects benefiting residents and visitors.
Another $3.1 million has been committed for infrastructure improvements, including $1.2 million toward estimated wastewater improvements and $1.9 million toward city-associated costs for a required water line extension.
Financial protections have also been established for the City, including an irrevocable $21.552 million letter of credit and financial security requirements associated with the project’s anticipated electric service obligations.
Claremore City Manager John Feary said city leaders recognize the significant public interest surrounding the development and want to clearly communicate what has been finalized and what happens next.
Claremore Economic Development Executive Director Meggie Froman-Knight said the property has been evaluated for development for approximately two decades, with significant utility investments repeatedly identified as necessary.
City officials say the project is expected to generate several years of construction activity, provide opportunities for local businesses and complement existing workforce training programs that could connect area students and residents with careers in the data center industry and other growing fields.
The City of Claremore said additional information will be released as the project reaches future milestones.
