Overview

• Commissioners authorized up to $165 billion in industrial revenue bonds and a long-term property tax incentive after a day of public comment and a failed 30-day delay effort.
• The package includes a 30-year abatement structured as a flat $12 million annual payment, with Borderplex Digital Assets partnering with STACK Infrastructure.
• Developers outline an initial $50 billion investment within five years and say construction could begin in late 2025 pending permits and final bond issuance.
• County materials project roughly 750–800 permanent jobs and about 2,500 construction jobs, alongside a “Doña Ana County First” local hiring pledge.
• Plans cite a closed-loop cooling design using about 20,000 gallons of water per day, a dedicated natural-gas microgrid with large battery storage and renewable integration, and commitments of $50 million for water and wastewater expansion plus $6.9 million for community funds.