UMN regents approve sale of $40M property in Rosemount to Meta, Facebook's parent company
ROSEMOUNT, Minn. -- The University of Minnesota hit the "like" button on a massive new Facebook facility in the metro area.
The university's Board of Regents signed off on the sale of 280 acres in Rosemount's UMore Park.
The nearly $40 million piece of land doesn't look like much now, but Facebook's parent company — Meta Platforms — plans to build a technology campus in the city.
"This technology campus could be comprised of a couple main function buildings and additional ancillary buildings and support areas. The uses may include servers, administrative spaces, and support equipment in a campus setting of complimentary one-story buildings," a regents document states.
Meta has 21 other similar data centers across the country.
There's no word on a construction timeline yet.