Google proposed a data center campus near Palo that would use 10.4 million gallons of water per day. The facility would draw power from the Duane Arnold Energy Center and water from the Cedar River. Google presented evaporative cooling technology at an October 22 public meeting.
Where
Palo, Cedar County
When
Oct. 22, 2026
Sources
Reported by 2 outlets
Taxes and money
The sources don't state an effect on taxes. They do state these figures.
These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.
North Texas has become the busiest data center construction market in the United States, with mechanical trades becoming a critical constraint on project timelines. CBRE reported over 765 megawatts under construction in Dallas-Fort Worth in the first half of 2026, with 95% already preleased, but the industry faces a shortage of experienced mechanical, plumbing and controls contractors needed for increasingly complex liquid-cooling systems.
$765 megawatts for data center capacity under construction
CBRE, Commercial real estate firm that conducted North America Data Center Trends report; Associated Builders and Contractors, Trade group; ABC chief economist Anirban Basu commented on labor demand; TDIndustries, Dallas-based mechanical contractor recognized for data center projects
Cipher Digital, which operates industrial-scale data centers for bitcoin mining and high-performance computing, added a 70MW Horizon site in Texas to its portfolio.
$70MW for data center capacity
Cipher Digital, company adding data center site; KBW, analyst firm rating the company
OpenAI announced Monday it will pilot a "Grid Protectors Program" at a data center in Georgia and is partnering with Oracle and SoftBank to build "Stargate" data centers across multiple states, including two in Texas. OpenAI said its data centers will free up to 1,000 megawatts of power during emergencies.
OpenAI, company building data centers; Oracle, partner in Stargate data center project; SoftBank, partner in Stargate data center project
Site Selection magazine named Texas America's top business climate for the fourth year in a row. Texas also won the 2026 Prosperity Cup for attracting new business investments.
Governor Greg Abbott, Governor of Texas; Site Selection magazine, awarded rankings
Cullen/Frost Bankers is moving its primary stock listing from the New York Stock Exchange to the Texas Stock Exchange. Trading on TXSE begins November 12, with both the company's common stock and depositary shares transferring under the same symbols.
$$9.8 billion for market capitalization of Cullen/Frost
Cullen/Frost Bankers, company moving primary listing; Phil Green, Chairman and CEO of Cullen/Frost Bankers; James H. Lee, Chairman and CEO of Texas Stock Exchange
London-based payments technology company Navro secured a Money Transmitter Licence from the Texas Department of Banking, allowing it to handle payments and remittances across Texas.
Navro, London-based payments FinTech company receiving license; Texas Department of Banking, agency issuing license; Aran Brown, Navro CEO
Fluidstack announced it has begun construction on a $4 billion data center campus on more than 1,100 acres east of Valley International Airport near Rio Hondo in Cameron County. The project received a worksite permit from Cameron County after Harlingen city commissioners tabled a drainage agreement.
$Project will add millions of dollars per year to the local tax base with no local property tax breaks.
Fluidstack, company developing the data center project; Kate Franko, Fluidstack spokesperson; Norma Sepulveda, Harlingen Mayor and 5 more