Fort Dodge Eco-Data Hub aerial rendering
190 Acres • Fort Dodge, Iowa

Fort Dodge Lagoon
Eco-Data Hub

The Midwest's first integrated Crystal Lagoon community powered by data center waste heat. 350 residential units, 170 hotel rooms, new Rec Center, 4 data center buildings, and a 25-acre year-round heated lagoon.

Project Overview

A transformational 190-acre development combining sustainable technology with resort-style living

190
Total Acres
25 acres
Lagoon Size
350
Residential Units
4 buildings
Data Centers
600+
Permanent Jobs
52%
Tax Benefits

25-Acre Crystal Lagoon

Year-round heated to 82-86°F. 5 finger inlets create 8,000+ ft of waterfront—5x standard design.

Waste Heat Integration

Data center waste heat powers lagoon + residential radiant floors. Zero-waste circular design.

New Rec Center

State-of-the-art fitness facility with indoor pool, gymnasium, and track—what Fort Dodge wants.

$535M Tax Benefits

52% of investment offset by TIF bonds, Iowa data center incentives, and housing credits.

Master Site Plan

190-acre development with 25-acre lagoon, 4 data center buildings, finger inlet cul-de-sacs, tiered housing, and integrated amenities

Fort Dodge Eco-Data Hub Master Site Plan
Data Center
Crystal Lagoon
Hotels
Rec Center
Luxury Lots
Community
Crystal Lagoon (25 ac)
Data Centers (50 ac)
Luxury Lots (50)
Houses (100)
Townhomes (100)
Apartments (100)
Hotels (170 rooms)
Rec Center
Parcel Dimensions
North boundary:2,950 ft
East boundary:3,273 ft
South boundary:1,939 ft
Total area:190.7 acres
Access Points
N 32nd St - Main Entry #1 (North)
N 32nd St - Main Entry #2 (South)
1st Ave S - Data Center Dedicated
Lagoon Design
Total size:25 acres
Finger inlets:5 cul-de-sacs
Waterfront:8,000+ ft
Temperature:82-86°F year-round
Housing Tiers

Homes get smaller and more affordable as you move farther from the lagoon:

Tier 1: Luxury waterfront lots
Tier 2: Near-lagoon houses
Tier 3: Mid-development townhomes
Tier 4: Outer apartments

Development Zones

Explore each component of the integrated master plan

Luxury Waterfront Lots

18 acres

50 premium lots surrounding lagoon finger inlets with private beach access

$16M revenue
Single-Family Homes

28 acres

100 homes tiered by distance from lagoon - larger near water, smaller farther out

$24.5M construction
Townhome Communities

20 acres

100 townhomes in clusters, tiered pricing by proximity to lagoon

$16.3M construction
Apartment Buildings

8 acres

100 apartments including 40 luxury waterfront units with 150 ft lagoon frontage

$32.7M construction

Investment Overview

Exceptional returns driven by $535M in tax benefits (52% of investment)

$1.03B
Total Investment
$535M
Tax Benefits (52%)
40-45%
Target IRR
13.2x
Equity Multiple
Tax Benefits Breakdown
TIF Bonds (20 years)$450M
Data Center Sales Tax Exemption$56M
LIHTC (Workforce Housing)$8M
Iowa Workforce Housing Credit$4.5M
Waste Heat ITC (30%)$10.8M
NMTC (if eligible)$6M
Total Tax Benefits$535M
Revenue Streams
Data Center Lease (NOI)$211.6M/yr
Lot Sales (50 lots)$16M total
Home Sales (150 units)$59.75M total
Rental Income (200 units)$5.25M/yr
Hotel NOI (170 rooms)$4.9M/yr
Lagoon Operations$2.94M/yr
Stabilized Annual NOI$220M

Ready to Transform Fort Dodge?

Partner with us to create the Midwest's first integrated Crystal Lagoon community powered by sustainable data center technology.