What the source says
Radio Iowa reports that Swarm Systems remains interested in a proposed $350 million Marshalltown data center after its land offer expired. The developer says it would resume pursuing a purchase when the city’s moratorium ends.
Land purchase and utility studies still ahead
Zach Tomesch of KFJB reports for Radio Iowa that Swarm Systems CEO Amir Atefi intends to pursue a land purchase after Marshalltown’s four-month data-center construction moratorium, which the report says expires in late November. The council had not acted on the company’s offer before it expired.
Atefi said ownership would let the company begin discussions with Alliant Energy about infrastructure capacity and necessary upgrades. These are the developer’s plans; the report does not establish a completed purchase, construction approval, or confirmed electricity supply.
City and county actions are distinct
This story concerns the City of Marshalltown. The separate Marshall County proposal concerns unincorporated areas; the site’s earlier coverage identifies September 23 as the planned county vote.
Sources & further reading
- Zach Tomesch, KFJB / Radio Iowa. Data center developer is ready to ride out Marshalltown’s moratorium. September 16, 2026; consulted September 21. Original reporting verified on the publisher’s live page. City land negotiations are distinct from Marshall County’s proposed action.
Updates & corrections
Source dates and review dates are labeled separately. Suggest a correction.