Wednesday, November 26, 2014

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Placeholder company to cash in on $210M data center

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TWC News: Placeholder company to cash in on $210M data center
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A company by the name Arista Data Centers LLC is slated to develop a $210 million facility in Pflugerville. Trouble is, the company only exists on paper.

Austin Business Journal Editor Colin Pope said Arista was created by local esteemed economist Angelos Angelou as a “placeholder company” until an actual company was chosen.

The shadow company also means big bucks in tax incentives. Find out more in this edition of “Business Now” in the video above.

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