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ORANGETOWN, NY—Bloomberg L.P. is contemplating developing a $710-million data center here and is currently before the Rockland Industrial Development Agency for incentives in connection with the project.

Under the plan, Bloomberg would move into a 143,331-square-foot facility at 155 Corporate Drive and would invest hundreds of millions of dollars at the site over the next 15 years, according to the Journal News. Bloomberg ran an ad in the Journal News on Sunday stating that it was seeking a sales tax break and other financial assistance to help offset the estimated $435 million it plans to spend on renovations, furnishings and equipment at the property.

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