SOCIAL CIRCLE, Ga. - After a unanimous vote by the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties, bonds for $750 million and a purchase agreement have been approved for a technology-based company looking to locate a data center at Stanton Springs in Newton County.
The bonds are now expected to go before a judge in Morgan County for final approval.
Shane Short, the executive director of the Development Authority of Walton County, issued a statement on behalf of the JDA. The statement reads as follows:
“The Joint Development Authority of Jasper, Morgan, Newton and Walton Counties and JC Flex LLC (also known as TPA Group, LLC) have approved a contract to sell 416 acres in Stanton Springs to a company that is considering developing a large-scale project by the code name Morning Hornet, LLC, an entity representing a major Fortune 250 technology company.
“The JDA and other state and local leaders have been working with the company over the past months. The company is interested in building an enterprise data center in Stanton Springs.
“The bond issuance for this project allows for the completion of a multi-phase development of which the first phase is expected to represent a total of $750 million in capital investment.
“The JDA has been working extensively with this company. Lengthy due diligence has been conducted and we have determined that the company is an excellent fit for Stanton Springs and the community.”
News broke Tuesday morning that the Morning Hornet project could be a code name for the world's largest social media site, Facebook. Short declined to comment on that speculation.
The Covington News will continue to update this story as information becomes available.