SOUTHFIELD — The Southfield City Council approved the creation of an Industrial Development District and economic development incentives for TelNet Worldwide Inc. at the March 18 City Council Meeting.
TelNet Worldwide, a telecommunications and information technology company, purchased the 41,148 square foot buildingat 21005 Lahser Road in 2011 with the intention to develop it as a Tier III carrier neutral, wholesale data center.
The interior of the building was never finished and has been vacant for several years — requiring a complete interior build-out to meet the design requirements of a Tier III data center.
TelNet will invest about $37 million in real and personal property by 2015 and add up to 40 full-time employees with an average annual salary of $67,000 over the same period. The company also plans to host four to five wholesale tenants at the building, who will make another $50 million or so in capital investments over the next three years.
The Southfield City Council established the Industrial Development District as provided under the Plant Rehabilitation and Industrial Development District Act of 1974 (P.A. 198) following a public hearing at the March 18 Council Meeting.