SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit.
Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT.
In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative.
Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital.
According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands.
DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by Oracle. The site will use a closed-loop system for cooling which is expected to minimize the development’s water usage.
Construction on the first buildings at the campus, which will feature three single-story data centers with more than 1 gigawatt of capacity, is currently underway. A timeline for completion was not disclosed.
Related Digital, founded by Related Cos., currently has a development pipeline totaling $45 billion across the U.S. and Canada.
— Hayden Spiess