Data center profile · North of Cannon Falls between Highway 52 and Rochester Boulevard, Goodhue and Dakota counties, Minnesota

Cannon Falls Technology Park (Tract)

Tract's entitled, seven-building data-center park on about 253 acres north of Cannon Falls, Minnesota, bought for $15.2 million in May 2026, awaiting operator and power.

Entitled, no operator. Cannon Falls annexed the land in Aug. 2025 and approved the conditional use permit and development agreement 4-2 in Nov. 2025. No end user or construction is on record; the Dakota Electric service application is still in engineering studies.
~253 acres
master-planned campus site
partly in Dakota County (company)
7
data-center buildings planned
about 1.2M to 1.3M sq ft, phased over 10 years (press)
$15.23M
land purchase by a Tract-linked entity
closed May 2026 (press)
43M gallons
yearly water at full build in the development agreement
within the city system's capacity
OperatorTract (land developer; plans to sell the entitled park to an operator)
CustomerNone named
First building in serviceOur estimate: 2029 or later (no dated power path yet).
Next stepFinal plat still required before building starts; the city targeted early Q3 2026
Power

Power and the grid

Sources on record, size not disclosed

Getting on the grid

Permits

Permits checklist

2 pending · 3 granted

City approvals on record. Building permits await a final plat.

Risks

What could slow it down

Money

Money on record

$15.23M
land purchase
May 2026 (press) News report · May 2026
$5M
toward a city water tower
due when a building permit is filed News report · Nov. 2025
~$1.6M
sewer capital improvement charge
draft terms (press) News report · Nov. 2025
$500K
first payment to the school district
under a multi-year agreement with Tract (press) News report · Jan. 2026
Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. Aug. 19, 2025
    Permits City Council annexes the land 6-0 and adopts a zoning code amendment 5-1 News report · Aug. 2025
  2. Sept. 8, 2025
    Power Tract confirms it is working with Dakota Electric on the 240-acre site between Highway 52 and Rochester Boulevard (press) News report · Sept. 2025
  3. Nov. 5, 2025
    Permits Council approves the conditional use permit and development agreement 4-2 News report · Nov. 2025
  4. Jan. 2026
    Money School board banks Tract's first $500,000 payment (press) News report · Jan. 2026
  5. May 2026
    Site A Tract-linked entity buys the land for $15.23M News report · May 2026
  6. Sept. 15, 2026
    Site Residents raise water and power concerns; a local Facebook group presses for answers (press) News report · Sept. 2026
The buildings

Specs

~253 acres
north of Cannon Falls (company)
Company · Sept. 2025
1.2M-1.3M sq ft
combined footprint of seven buildings, per the city administrator (press)
News report · May 2026
250 ft
residential setback, with noise standards and escrowed penalties
News report · Nov. 2025
Who is involved

Owners, partners and builders

Owners
  • Tract: land developer preparing the park for a data-center operator
  • Tract-linked entity: bought the land in May 2026 (name not reported)
Decision-makers
  • Cannon Falls City Council: annexation, permit and development agreement
  • Cannon Falls School Board: payment agreement
Power partners
  • Dakota Electric Association: serving cooperative
Builders
  • Kimley-Horn: Tract's consultant
Still unknown

Open questions

Where this comes from

27 records from 11 documents

Drawn from news reports, company statements and local government records, each kept with its date and source. The bar shows documents by type.

News report 9Company 1Local government 1
Evidence

Every quote behind this page

Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.

Power (4)
  • Dakota Electric Association is the named power provider (developer's own site + DCD): service application and engineering studies are in progress and a new on-site substation will serve the park. No MW has been stated, n
    “A new substation will be constructed on site to serve the power needs of the technology park.”
    Company · Oct. 2026 · grade B
  • A new on-site substation will be constructed; Tract funds the required infrastructure; No MW stated on any basis.
    “A new substation will be constructed on site to serve the power needs of the technology park.”
    Company · Sept. 2025 · grade B
  • County code: 27049
    “Tract is working with power provider Dakota Electric Association on the project, with part of the land located in Dakota County.”
    News report · Sept. 2025 · grade C
  • County code: 27037
    “Tract is working with power provider Dakota Electric Association on the project, with part of the land located in Dakota County.”
    News report · Sept. 2025 · grade C
Money and contracts (9)
  • development agreement: water/sewer thresholds - Tract will establish thresholds for water use and sewer discharge within city system capacity and appropriations
    “As part of the Development Agreement with the City, Tract will establish thresholds for the water use and sewer discharge so it does not exceed the available capacity”
    Company · Oct. 2026 · grade B
  • Project status: entitled; land closed; no building construction
    “Tract-linked entity buys Cannon Falls land for $15.23M for planned data center campus, with seven buildings and phased development over 10 years.”
    News report · May 2026 · grade C
  • A Tract-linked entity bought the Cannon Falls land for $15.2M (Finance & Commerce headline: $15.23M) in May 2026 for the planned campus, with seven buildings and phased development over 10 years. Figure as stated by the
    “Tract-linked entity buys Cannon Falls land for $15.23M for planned data center campus, with seven buildings and phased development over 10 years.”
    News report · May 2026 · grade C
  • Tract-linked entity purchased the Cannon Falls land for $15.23 million (certificate of real estate value, reported May 2026); city administrator described seven data center buildings with a combined footprint of about 1.
    “Rademacher said Tract will need to complete a final plat first but that the target is early in the third quarter.”
    News report · May 2026 · grade C
  • Cannon Falls School Board records describe a multi-year perpetual payment agreement with Tract; the board voted to deposit the first $500,000 payment into the district's unassigned general fund (FY26 revised budget item)
    “Administration and finance committee recommended depositing the first $500,000 payment into unassigned fund balance to boost reserves; trustees approved that designation.”
    News report · Jan. 2026 · grade C
  • Development Agreement: water allocation 43000000 gallons per year
    “final number for a full phased out development is 43,000,000 gallons a year”
    News report · Nov. 2025 · grade C
  • Development Agreement: water tower capital contribution 5000000 USD
    “staff said the parties agreed the city would receive $5,000,000 toward the tower to be paid when a building permit is filed.”
    News report · Nov. 2025 · grade C
  • Development Agreement: sewer capital improvement charge 1600000 USD
    “The draft agreement includes a $5,000,000 capital contribution toward a future water tower and a sewer capital improvement charge (about $1.6 million in the draft terms).”
    News report · Nov. 2025 · grade C
  • Development Agreement: setback / noise / penalties
    “Staff and council referenced negotiation points including a 250-foot residential setback, expanded tree buffers, engineering conditions and the inclusion of noise standards and escrowed penalties in the development agreement.”
    News report · Nov. 2025 · grade C
Permits and government (2)
  • City of Cannon Falls City Council:
    “the Cannon Falls City Council on Nov. 5 approved a conditional use permit and a development agreement for the Cannon Falls Technology Park data center by 4-2 roll-call votes.”
    News report · Nov. 2025 · grade C
  • City of Cannon Falls City Council:
    “The annexation resolution (Res. 2824) passed by a 6-0 roll call. The council adopted Ordinance 410, a second-reading amendment to city code chapter 152 related to zoning, on a 5-1 vote”
    News report · Aug. 2025 · grade C
Legal (1)
  • Local residents have raised general concerns about water and electricity usage, and a Facebook group is seeking answers to outstanding questions (Courier MN tracker, Sep 15, 2026 update). No lawsuit, denial, moratorium o
    “Some local residents have raised general concerns about water and electricity usage, and a Facebook group is trying to get answers to some of those outstanding questions.”
    News report · Sept. 2026 · grade C