Google has revealed itself as the company behind Project Pegasus, an $8 billion data center campus in LaGrange, Georgia, roughly 70 miles southwest of downtown Atlanta. The disclosure ends two years of speculation about the project, which ranks as the tech company largest investment in the state.
The campus will rise on a 420-acre site at 411 Pegasus Parkway near Interstate 85, purchased by private equity firm Thor Equities in March 2024. In an approach unusual for Georgia, where most data centers are new construction, Google plans to retrofit an existing structure of more than 600,000 square feet that previously served as a packaging plant and headquarters. An on-site substation that once powered that facility had an electrical capacity of 50 megawatts, and the developer has said the site could expand to as much as 400 megawatts, enough to power roughly 300,000 homes.
Google holding entity, Rosewall Pines Holdings, obtained an $8 billion industrial revenue bond in July, a mechanism that can also support a property tax abatement. Amid scrutiny over the power and water that large data centers consume, the company said it will cover 100 percent of the cost of power for the site and any infrastructure driven by its operations, and will not pass those costs on to local families. It also pledged a $1 million donation to a nonprofit that subsidizes utility costs for area households.
Construction is already underway, with the first phase expected to be operational by the end of 2026. The project reinforces Georgia standing as one of the fastest-growing data center markets in the country.
Source: The Atlanta Journal-Constitution - https://www.ajc.com/business/2026/04/what-is-georgias-project-pegasus-tech-giant-unveils-8-billion-answer/