en.Wedoany.com Reported - Data center developer Related Digital and Blackstone jointly announced on April 24 that the $16 billion data center campus project in Saline, Michigan, built specifically for Oracle Corporation, has secured financing. According to Related Digital's official press release via PR Newswire, the financing includes equity investments from Related Digital and funds managed by Blackstone, as well as fixed-rate long-term debt financing provided by funds and accounts managed by PIMCO. Bank of America served as the structuring agent and financial advisor for this financing, while Goldman Sachs and Wells Fargo also provided advisory services to Related Digital.

Nadeem Meghji, Global Head of Real Estate at Blackstone, said in the press release: "Driven by artificial intelligence and broader economic digitalization, demand for digital infrastructure is growing at a remarkable pace. This investment represents another step in seizing this generational opportunity, helping to provide much-needed computing capacity. We are proud to support the largest investment in Michigan's history." Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure, stated that the rapid progress of the Saline data center highlights the urgency and scale of building America's next-generation AI infrastructure. He emphasized that Oracle and its partners are not just building data centers, but also creating high-quality jobs, investing in communities, and driving long-term economic growth.

First announced in October 2025, the data center campus is the result of a collaboration between OpenAI, Oracle, and Related Digital. With a capacity exceeding one gigawatt, it is a key component in expanding AI infrastructure capacity in the United States. According to Related Digital's official introduction, the Saline campus is named "The Barn," in honor of a historic red barn preserved near the project entrance along Michigan Avenue. The campus consists of three single-story data center buildings, employing a closed-loop cooling system to protect Michigan's water resources and will be LEED-certified. Construction of the first data center building has begun, and the project is progressing as planned toward delivery.

Jeff T. Blau, CEO of Related Companies and Chairman of Related Digital, said in the press release: "The strong completion of this financing is a powerful validation of everything we have built at Related Digital and the project's critical role in America's digital future." According to Related Digital, the project is expected to create over 2,500 union construction jobs, 450 on-site operational positions, and 1,500 county-wide jobs, while generating millions in new annual tax revenue for Saline, Washtenaw County, and Michigan schools. The project will also provide $14 million in direct support to local fire departments and protect over 750 acres of open space, farmland, and wetlands.

For electricity supply, DTE Energy utilizes existing resources supplemented by Oracle's fully funded battery energy storage facilities to provide 100% of the power for the data center. Oracle estimates that this project will save DTE's existing customers approximately $300 million, as the project absorbs the fixed costs of grid maintenance and upgrades. Related Digital was founded by Related Companies, which holds over $100 billion in assets across the United States. Related Digital currently has data center projects underway in Ontario, Wyoming, Michigan, Missouri, Illinois, Texas, and other locations.

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