ComputingInfrastructure

Major 500-Acre Technology Campus Proposed in Pinal County Amid Data Center Expansion

A 500-acre data center campus could transform land northeast of Phoenix following a key zoning recommendation. The proposed development faces both support and opposition as Pinal County experiences a surge in technology infrastructure projects.

Major Zoning Decision Advances Technology Campus Proposal

A substantial 500-acre data center campus may soon be developed near Phoenix, Arizona, according to recent reports from Pinal County planning officials. Sources indicate the Planning and Zoning Commission voted on October 16 to recommend approval for redesignating the large land parcel from residential to employment and public facilities designations, specifically for what documents describe as “an energy generation and technology campus.”

BusinessFinance

PrimaLend Creditors Consider Bankruptcy Proceedings Amid Subprime Auto Financing Crisis

Creditors of subprime auto lender PrimaLend are reportedly preparing to push the company into bankruptcy proceedings after months of missed payments. The potential action comes as the subprime lending sector faces renewed pressure following Tricolor Holdings’ recent collapse.

Creditors Mobilize Legal Resources

PrimaLend, a specialized lender providing financing to auto dealerships serving subprime borrowers, faces potential bankruptcy proceedings as frustrated creditors consider legal action after going unpaid for several months, according to reports. Sources indicate that holders of the company’s $75 million bond due in 2028 have begun working with attorneys from White & Case to evaluate their options, including potentially forcing the firm into bankruptcy protection.