New York has $10B of data center projects in the works, set to be delivered by 2030. Much of that investment could be stopped dead in its tracks with one stroke of a pen. 
The state legislature has passed what would be a first-in-the-nation data center moratorium, which would halt permit approvals for at least a year. It now sits on Gov. Kathy Hochul’s desk.
“The No. 1 critical issue is these all need to be built as quickly as possible,” Holland & Knight partner Graham Coates said. “Everyone is waiting with bated breath.”