McQueen AnalyticsDecision intelligence + market research

AI infrastructure customer, operator and developer

Meta

Meta develops campuses and also uses property ventures. At El Paso it plans to be the initial occupant and property manager.

Dated commitments & changes

financing agreement

Meta and BlackRock announce an El Paso property venture

The partners announced financing for an AI campus already under construction. Meta would manage the property and be its initial sole occupant.

1 GWPlanned compute capacityplanned compute capacityEl Paso campusstatedMeta ↗
≈$14BDevelopment cost commitmentcommitted development costBuildings and long-lived power, cooling and connectivity infrastructureapproximatelyMeta ↗
El Paso, Texasventure announced
Sources and context

Closing was expected after the announcement and has not been verified. BlackRock-managed funds would own 80%; Meta would own 20%. Opening was targeted for 2028. Debt, equity, distributions and guarantees overlap with the development costs; they cannot be added as separate project spending.

expansion plan

Meta announces a larger Richland Parish buildout

Meta announced an expansion of its Louisiana campus and additional regional investment.

5 GWCampus compute capacityplanned compute capacityRichland Parish expanded campusstatedMeta ↗
>$50BExpansion investmentannounced investmentRichland Parish expansion described by Metagreater thanMeta ↗
Richland Parish, Louisianaexpansion announced
Sources and context

The page also displays July 12; this record uses the leading announcement date. Capacity describes the planned buildout, rather than commissioned output. The expansion amount may overlap prior campus financing. The included costs have not been reconciled.

groundbreaking

Meta announces groundbreaking in Tulsa

Meta announced construction of an AI data center in Tulsa and described its expected local investment and operating jobs.

>$1BRegional investmentannounced investmentTulsa facility at completiongreater thanMeta ↗
≈100 jobsOperating jobsforecast permanent jobsTulsa facility once operationalapproximatelyMeta ↗
Tulsa, Oklahomagroundbreaking announced
Sources and context

Announcement date uses the first displayed page date; the page also shows April 20. Physical ceremony timing and subsequent completion were not independently verified.