Amazon is abandoning its $427 million plan to build data centers on George Washington University's Virginia campus and will instead donate about 25 acres, worth roughly $65 million, to Loudoun County for community facilities. Under the agreement, called "Project Potomac Promise," Amazon will withdraw its site plan for four data center buildings totaling over 800,000 square feet, drop legal action, and help rezone the remaining land for mixed-use development, with housing as the main use. It will also contribute $5 million to the county's affordable housing fund. Supervisor Juli Briskman had strongly opposed the data center proposal, and Amazon says it has invested more than $63 billion in Loudoun County since 2011. Chair Phyllis Randall expects the rezoning to take about a year.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/20/2026 | 262.63 |
| Change that session | +0.07% |
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