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Monticello Tech Technology Campus

Monticello Orderly Annexation Area, Minnesota, United StatesProposed
Evidence
Headline capacity
Not established in published records
Updated
Oct 28, 2026
Utility
Xcel Energy

Monticello Tech proposes an approximately 547–550-acre technology campus with two to three million square feet of gross floor area. A second application package arrived August 3, 2026 and the city is still deciding whether it is complete.

Capacity

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

Land-use application packageAnnounced or preconstruction

Rezone, DCPUD CUP and preliminary plat await a completeness determination.

Applicant buildout conceptPlanned

Applicant planning assumption only; exact footprints and tenant requirements await a future site plan. Source wording: 5–10 buildings. Canonical building count is blank because this is a planning range, not an exact count.

Milestones (9)
Joint workshop reviews early concept

Dec 3, 2024 · Recorded actual event

Completed · Permit filed

Source not linked
253 acres reguided Light Industrial Park

Feb 24, 2025 · Recorded actual event

Completed · Status changed

Source not linked
City adopts Final AUAR

Jan 26, 2026 · Recorded actual event

Completed · Permit filed

Source not linked
City approves enabling data center ordinance

Apr 27, 2026 · Recorded actual event

Completed · Permit approved

Source not linked
Rezone, CUP and plat applications received

Jul 6, 2026 · Recorded actual event

Completed · Permit filed

Source not linked
City issues incomplete determination

Jul 20, 2026 · Recorded actual event

Completed · Status changed

Source not linked
Second submission received; completeness review begins

Aug 3, 2026 · Recorded actual event

Completed · Permit filed

Source not linked
Conceptual construction-start assumption

Q1 2028 · Forecast / planned record

Forecast · Forecast completion

Source not linked
Conceptual completion assumption

Q4 2030 · Forecast / planned record

Forecast · Forecast completion

Source not linked

Participants

Monticello Tech, LLC

Developer

Sources by role
Developer (1)
Developer (1)
Other participants (3)
City of Monticello

Government authority

Sources by role
Government authority (1)
Government authority (1)
Government authority (1)
Kimley-Horn and Associates, Inc.

Contractor

Sources by role
Contractor (1)
Xcel Energy

Utility provider

Sources by role
Utility provider (1)

Capital & incentives

Capital claims and financing records may overlap. Their amounts are not added together.

Capital claims

Project investment estimate

Reported rounded

$>1B

Source

Financing records

Investment commitment

Amount not disclosed

Aug 3, 2026

Applicant describes a $1B-plus development; no committed financing, lender or spend-to-date is verified. Source wording: more than USD 1 billion.

Parties & sources

Monticello Tech, LLC (Sponsor)

Sources (1)

Site & development

Site area city summary

Reported rounded

550 acres

Source

Gross floor area city summary

Reported rounded

3,000,000 square feet

Source

Gross floor area range

Reported rounded

2,000,000–3,000,000 square feet

Source

Building count range

Proposal

5–10 principal buildings

Source

Construction start target

Proposal

Q1 2028

Source

Construction completion target

Proposal

Q4 2030

Source

Future site plan required

Forecast

Yes

Source

Technical specifications

Cooling method

Proposal

Dry cooled

Source

Average water demand

Reported rounded

75,000 gallons per day

Source

Wastewater discharge

Reported rounded

75,000 gallons per day

Source

Additional project facts

Current application status

Actual

Second submission under completeness review

Source

Initial application incomplete

Permitted

2026-07-20

Source

Public hearing status

Actual

Not scheduled

Source

Final auar status

Actual

Adopted 2026-01-26

Source

Dcpud ordinance status

Actual

Adopted 2026-04-27

Source

Electric service voltage

Proposal

345 kV

Source

System impact study

Proposal

Completed; service feasible subject to upgrades

Source

Infrastructure & permits

Technical details (5)
Electric grid

Potential or planned

345 kV

System Impact Study completed; service depends on developer-funded upgrades and a Facilities Study.

Electric grid

Potential or planned

New substation concept; final design, route and permit remain pending.

Cooling system

Planned or represented

75,000 gallons per day

Average domestic water demand under dry-cooling scenario; no process-water demand claimed.

Water supply

Planned or represented

75,000 gallons per day

Applicant study assumption; not current use.

Onsite generation

Planned or represented

Applicant says operational need would be below 25 MW; this is not IT load. Source wording: below 25 MW. Canonical capacity is blank because the current model has no upper-bound operator; this is not asserted as IT load.

Other · Issued

Monticello Industrial Final AUAR and Mitigation Plan

City of Monticello

Jan 26, 2026

Sources (1)
Other · Issued

Data Center Planned Unit Development Ordinance 865

City of Monticello

Apr 27, 2026

Sources (2)
Other · Under review

DCPUD conditional use permit application

City of Monticello

Aug 3, 2026

Sources (2)
Other · Under review

Rezone application

City of Monticello

Aug 3, 2026

Sources (2)
Other · Under review

Preliminary plat application

City of Monticello

Aug 3, 2026

Sources (2)
Other · Applied

Final plat

City of Monticello

Sources (1)

Public-source research. Plans may change. See Evidence for sources and qualifications.

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