Home / News / Aurora plans to recoup some I-88 interchange costs in deal to help CyrusOne grow

Aurora plans to recoup some I-88 interchange costs in deal to help CyrusOne grow

Aurora officials call it a classic win-win situation.

A change in zoning use for 30 acres along Bilter Road just west of the westbound access to Interstate 88 on the Far East Side could allow an Aurora company to expand and the city to recover some of the costs associated with I-88. The exchange was made about 16 years ago.

The Aurora company is Dallas-based CyrusOne, LLC, which operates a large data center at Diehl and Eola roads. The company originally had a 428,000-square-foot building it purchased and added a 440,000-square-foot addition next door.

CyrusOne is out of space and wants to build another 428,000-square-foot building on 30 acres near its current facilities.

CyrusOne has 24 data centers across the country, but the Aurora one is one of the most important because it handles data for the Chicago Mercantile Exchange as well as a number of foreign exchanges. The company serves nine of the Fortune 20 and 180 of the Fortune 1000 companies, with more than 950 customers.

The company approached the city about changing the zoning for the 30-acre site, one of the final pieces of the DuPage Ventures property that brought the Butterfield development to the city.

The city marketed the property as a potential hotel home for years, and at one point specifically banned data centers from being considered for the property.

But Alex Alexandrou, the city’s chief executive, said the market has changed and not only is data centers in high demand, but the area near Cyrus One is also home to them.

Endeavor Edged, an international data center company, is currently building a $500 million, carbon-neutral project in three buildings at Bilter and Eola roads, just east of the 30 acres that CyrusOne is considering.

Edged officials said they will bring in a Fortune 100 company such as Apple, Google, Microsoft, Facebook or Amazon as the main user of the buildings.

The company is also building a five-station electric vehicle charging facility that could expand in the future, including a retail building for something like a coffee shop.

As for hotel uses, the city now has the $360 million Hollywood Casino-Aurora resort, and a hotel will be located just west of that resort at Bilter Road and Farnsworth Boulevard.

The city and CyrusOne are currently negotiating the zoning change for a fee. Alexandrou said the city may recoup some of the $9.3 million it spent on the interchange project in 2008.

“We spent significant resources,” he said.

The Alderman placed a resolution on the consent agenda for the February 13 City Council meeting authorizing the implementation of a memorandum of agreement with CyrusOne. Once an agreement is reached, city staff will bring the agreement before the council for approval.

slord@tribpub.com

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