Story perspectives

Banks Back $22B Data-Center Funding Amid Local Opposition

8/10/2026

Summary

Story summary

U.S. banks weigh community sentiment, permits and credit quality before financing data-center projects.
Data Center Watch said 75 projects worth $130 billion faced local opposition in Q1 2026.
JPMorgan and Morgan Stanley structured a $12.3 billion bond for BlackRock’s Meta data-center in El Paso, Texas, despite opposition.
Morgan Stanley and KKR led a $9.7 billion credit facility for CyrusOne’s $500 million Illinois center, requiring permits and leases before drawdowns.

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Story summary

U.S. banks weigh community sentiment, permits and credit quality before financing data-center projects.
Data Center Watch said 75 projects worth $130 billion faced local opposition in Q1 2026.
JPMorgan and Morgan Stanley structured a $12.3 billion bond for BlackRock’s Meta data-center in El Paso, Texas, despite opposition.
Morgan Stanley and KKR led a $9.7 billion credit facility for CyrusOne’s $500 million Illinois center, requiring permits and leases before drawdowns.