Alcoa signs up to $315M deal to sell part of Massena East site for data center

This is a legacy industrial site being repriced as power-adjacent land, which is the real signal: the buyer is paying for interconnection capacity and expandable megawatts as much as for dirt. The structure matters too — a modest cash slice at closing with the bulk deferred to decade-end ties Alcoa's proceeds to the buyer actually building, so the headline figure is far from banked. It also anchors Alcoa's broader monetization program, making this a template for how other industrial holders may test data-center demand for their sites. Whether the full consideration is collected on schedule is the open question.