The Investor
26 Apr 2026, 20:12
Blackstone and Related Digital have secured financing for a $16 billion data center campus in Michigan, developed for Oracle to support expanding AI infrastructure. The project combines equity from the sponsors with long-term debt financing led by PIMCO-managed funds, with major banks including Bank of America involved in structuring.
The campus, expected to deliver over one gigawatt of capacity, will play a key role in meeting growing demand for AI and cloud computing. Construction is underway and the project is positioned as one of the largest infrastructure investments in Michigan’s history.
The development is projected to create thousands of jobs and generate significant local economic benefits, while contributing to the expansion of U.S. digital infrastructure amid rapid growth in AI-driven demand.
The campus, expected to deliver over one gigawatt of capacity, will play a key role in meeting growing demand for AI and cloud computing. Construction is underway and the project is positioned as one of the largest infrastructure investments in Michigan’s history.
The development is projected to create thousands of jobs and generate significant local economic benefits, while contributing to the expansion of U.S. digital infrastructure amid rapid growth in AI-driven demand.
