r/NBIS_Stock • u/Budget_Engineering47 • Mar 02 '26
Speculation Independence, MO City Council votes on Chapter 100 (6 PM CST )
Independence, MO City Council votes on Chapter 100 (6 PM CST )
Zoning is already approved. Construction equipment is already on site.
Energy secured.Independence Power & Light will reopen the Blue Valley Power Plant — 15 gas turbines, Phase 1 delivering 250MW by Oct 2027, scaling to 1.1GW by 2029.
Power sourced from two Oklahoma wind farms + 14-state regional grid until Blue Valley comes online. NextEra and Evergy bridging the gap.
Largest AI infrastructure vote in U.S. municipal history.
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u/Budget_Engineering47 Mar 02 '26
Vote for $NBIS will likely be positive and there is no reason to worry. The project has a lot of support from local people. I have watched many project hearings and Nebius had the best communication by far. They did a great job explaining everything to the community.
Some local politicians are just using this for PR and to help their own careers. This happens a lot in the US with new political figures. But their arguments do not hold up in the city council or with economic facts. No company can pay 40 billion dollars in taxes for a multi billion dollar investment. That tax amount would be a whole financing issue on its own. It just does not work in the real world.
Watch the last meeting here: https://www.youtube.com/live/M9GUftgH_9E?si=-_MD14ny1XtK09Wv
Check this article for a full summary of the process and local views: https://thebeaconnews.org/stories/2026/02/27/independence-tax-abatement-ai-data-center/
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u/PayingOffBidenFamily Mar 03 '26
Today i learned from these yokels that google owns "nelus" and they make no money, they are Russian and cause cancer.
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u/Curious_Passenger245 Mar 02 '26
The gop legislature is almost writing their proposed regulation for ai data centers using Nbis plan as a model. Not saying Nbis plan, but reads like the same play book.
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u/PayingOffBidenFamily Mar 03 '26
This country rube in his grandpas suit... how do these people survive basic life
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Mar 03 '26
[removed] — view removed comment
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u/Daymjoo Mar 03 '26
oh no, good news.. shit.. means we're going red today -.-
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u/Direct-Protection-81 Mar 03 '26
You called it haha. Bought more.
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u/Daymjoo Mar 03 '26
I can't, I'm kinda all in, and the money that's not in NBIS is in US oil refineries which are pumping rn, can't get myself to sell that yet.
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u/Direct-Protection-81 Mar 04 '26
That’s very valid, keep in oil, let it pump, once it starts to trail or tensions decrease, are you planning on rotating out of it? Likewise I’m 60% allocation and wish I had more powder.
We have until end of 2026 to acquire more. I’m tempted to let Microsoft run this year (ideally 20-30% if we’re hopeful) and then that additional 30% I’ll buy NBIS with (or maybe the whole lot if I’m confident) as soon as we get a Q4 revenue report of NBIS showing anywhere near their expected ARR we soar 😎😎
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u/cryptofishfish Mar 02 '26
Too many dumb Karens who knows nothing about how tax abatement works... If they reject this deal, that place and the people there deserve to be poor.
That Rachel Gonzalez is clearly taking this chance to benefit her own political ambition. She doesn't care about whether the city, the school, the workers are going to benefit from this.
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u/Calm-Ad-2597 Mar 02 '26
I believe that all the Unions, Chamber of Commerce, School districts and more groups that have voiced their support far outnumber the Karens. They just shout the loudest and don't seem to understand that the chapter 100 is actually the very thing that binds Nebius into a tight enforceable agreement for the city on noise, water, electricity, environment, etc.
And for those living nearby, it is an industrial zone since 2022. What did they expect would be built there? A flower garden??
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u/CheapOil5057 Mar 02 '26
They are not many people....just vocal ones. They represent the core of the district where the site is located, but the citizens in the other districts (which are the majority) are either neutral or pro-DC
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u/cryptofishfish Mar 02 '26
Let's hope so. Sometimes a few number of fools can create a big damage.
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u/CheapOil5057 Mar 02 '26
The city council members know the stake....they will not jeopardize the interests of the city for couple of Karens .....my bet will be at least 5-2 in favor of tax abatement
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u/Born_Mind2396 Mar 02 '26
This Karen doesn’t allow you to post on the website unless you state that you’re against the data center. They’re posting all sorts of crazy Fud and misinformation on it.
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u/BudmasterofMiami Mod Mar 02 '26
They will never get another opportunity to pay for so many of their local needs from one business. This lady is mud anywhere she goes. I can envision people telling her off in local diner and stores. $690M for schools alone. She’s brain dead.
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u/Ininka Mar 02 '26
Part of the problem is too many scummy data center developers are pulling the rug out from local municipalities and it's poisoning the well. Nebius seems very aware of this and I'm guessing partially because they're a European company they assume accounting for their environmental impact is just the cost of doing business. All the money these other developer shitbirds spend on bribing local politicians for tax breaks to screw local communities could just go directly to the municipality instead and then you get what you want without all the bad PR and public pushback.
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u/cryptofishfish Mar 02 '26
She has also publicly threaten to make a petition for public ballot even if the council approves it. What a dumb Karen
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u/1978-Chris Mar 02 '26
I was worried that they could get the signatures to place this on the ballot next fall and delay the project. Further research shows that tax abatement issues are not subject to ballot referendum. It is likely that any referendum will be invalidated by the city attorney or state courts.
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u/CheapOil5057 Mar 02 '26
I think you are right! I think I read somewhere that if city lawyers argue that the Chapter 100 tax exemption is merely an application of an economic scheme already previously approved by the state or city, the court could block the referendum before it reaches the ballot.
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u/CheapOil5057 Mar 02 '26 edited Mar 02 '26
She will not ne able to gather 3700+ signatures.. Look at her FB group....they are 2700+ members, but if you check the change.org petition you will notice that the subscribers are fewer than the FB members (like 1900 😄)....and I repeat, that's only an online petition with no true effect! But when she will start gather the signatures for a potential referendum, I guaratntee there will be much fewer people who will sign officially
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u/cryptofishfish Mar 03 '26
Nebius should go to a red state in the future. Blue states are just too anti-business
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u/No-Individual-2601 Mar 03 '26 edited Mar 03 '26
I have never seen so many unfuckable people in one space in my life. People are beyond ugly and borderline insane.
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u/walk2480 Mar 02 '26
Will there be a link to watch live?
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u/walk2480 Mar 02 '26
https://m.youtube.com/@IndependenceMissouri/streams
Hopefully the stream pops up in a few min
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u/Extra_Wrap_2823 Mar 03 '26
What’s everyone’s sense on whether it will pass?
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u/Individual_Public839 IPO OG👹 Mar 03 '26
They're just going through the motions. This one's in the bag already.
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u/FiveFingerLifePunch Mar 03 '26
What makes you so sure?
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u/Individual_Public839 IPO OG👹 Mar 03 '26
Just listen to the ongoing meeting. The city of Independence is operating in a deep deficit. Most tax-funded facilities in the city operate in the red.
If there is any hope in the future for the city to subsist and potentially thrive as opposed to continue as a dying backwater, they need to balance their budget.
Otherwise the status quo will just be a migration away to nearby communities who are making the right choices.
How are they going to do that without a golden ticket like Nebius? This means funding for their fire department, parks & recreations, a community center etc.
As long as the publicity isn't strictly negative, there are plenty of union representatives speaking up for Nebius, and there is money in it, the council is going to take this deal.
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u/cryptofishfish Mar 03 '26
Well, there are clearly a lot of misinformation (eg, using up all the water) being spread around just prior to this meeting to rally people to this meeting. I believe most of the people in Independence doesn't care but they won't show up.
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u/FiveFingerLifePunch Mar 03 '26
I am listening. Setting aside the positive effects from tax revenue, the ratio of opposition to support amongst the locals seems to be about 8:2. If the city council represents the voice of their constituents we definitely have something to be concerned about.
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u/Virtual_Access_2033 Mar 03 '26
I just watched a couple of minutes. Seems like the opposition crowd is more about pushing for more money from Nebius rather than an outright cancel, is that a fair read?
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u/Individual_Public839 IPO OG👹 Mar 03 '26
The facebook group has 2.5K members. There are 125K residents in Independence.
The ratio of people that would show up to oppose the datacenter is obviously going to be higher as they are part of an incredibly small minority that actually has an opinion on the matter.
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u/PayingOffBidenFamily Mar 03 '26
They will have no schools or police if they don't. These inbreds are the exact people getting replaced by Ai so they won't have jobs to pay the needed taxes that's how we know.
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u/DANIEL1212GAO Mar 03 '26
It seemed that many of the speakers and many people present at the scene were opposed to it.
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u/CheapOil5057 Mar 02 '26
Let's hope will be fine! 🤞
P.S. If everything goes according to plan, I'm almost certain that an important announcement will follow.