14 points ·
You're not wrong, but the whole thing is also a bit of a house of cards. If the buyers don't have the money the contract won't be fulfillable.
We have a data center planned not too far from my house. It was approved by the city council last December despite a lot of public skepticism. The developers aren't moving because they don't have the money. They're waiting to have someone on contract to lease capacity from them before taking out a loan. In the best case that will simply never happen.