Prologis micro data-center expansion and broader community backlash

Micro-DC expansion continues with South San Jose 99MW filing. Regulatory backlash deepens: Texas Governor Abbott calls for ban in rural areas; 18 protests across Texas. White House expands data center ratepayer pledge; Congress moves to codify Ratepayer Protection Act. Prologis signed the White House Ratepayer Protection Pledge. Other headwinds: Gallup poll 70% opposition, NY moratorium, NJ cost-sharing laws, Maryland ban considerations, Roseville preemptive opposition. New local actions: Georgia protestors demand community input; St. Joseph, MO to vote on data center pause; Saline Township, MI reverses cap on Oracle tax break; Wixom rejects waiver; Lyon Township skepticism; Palo, IA passes ordinance. Michigan data center news includes new bills for water/energy reporting, Oracle/OAI permit comment period, protest at Trump rally, and gubernatorial candidate stances. Positive signals: Google $1.5B Alabama DC, Las Vegas approval, Meta's Louisiana expansion to 5GW. PLD's micro-DC strategy may be less vulnerable than hyperscale campuses. Tippecanoe County, Indiana proposed data center regulations designed to be 'difficult as possible, without banning'—20-mile separation, quarter-mile setbacks, renewable mandates. Prologis's Project Sail in Coweta County, GA is facing specific concerns about noise, water, emergency planning, and test scores for nearby schools, with design revisions underway. A tri-state vote on a data center ban in Ohio depends on the Ohio Supreme Court decision; the article specifically mentions a Prologis data center under construction in Trenton, adding to the regulatory risk. The number of data center bans has jumped from 300 to 500+ in a month, with Texas moratorium and protests escalating. Data centers are becoming a political campaign issue in Ohio, with candidates taking positions; a Prologis data center under construction in Trenton is specifically mentioned. A judge blocked a data center expansion in Lowell, MA, citing insufficient community engagement and environmental justice concerns. Amazon announced a $5B data center project near Trenton, Ohio, adjacent to Prologis's existing project, adding competitive pressure but also validating regional demand. Ohio Supreme Court ruling on emergency resolutions sets precedent for data center approvals, directly affecting PLD's Trenton project. A new article details a Coweta County fight over a 255-acre data center (Project Oak) tied to Prologis's Project Sail, with 12,750 signatures for a referendum and a pending lawsuit, escalating local opposition. San Jose is drafting uniform data center standards with nine large-energy projects under review, potentially affecting PLD's 99MW filing in South San Jose. New: Wayne County, GA is moving to tighten data center rules with nine amendments including 1,500-ft buffers, water use caps, and decommissioning escrows. New: More data centers complying with Abbott’s directive as up to 1,800 projects halted. Prologis is named as one of the companies complying with Abbott's Texas data center directives. This massive halt of ~1,800 projects is a significant regulatory signal that could reshape PLD's data center pipeline in Texas. New: Pennsylvania launched GRID Standards for data center incentives, requiring developers to cover grid costs, use clean energy, and provide community benefits. This directly impacts PLD's micro-DC strategy in a key market, adding compliance costs but potentially creating a clearer path for approved projects. New: Memphis City Council voted unanimously to pause data center expansion for 12 months to study the issue, citing being 'left in the dark'—adding to the growing list of local moratoriums affecting PLD's pipeline.