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The public ledger is still smaller than the campus pitch.

Money · Water · El Paso, Texas

The public ledger is still smaller than the campus pitch.

Meta's Project Seafox is not just a giant number on a tracker. El Paso has published agreements, water-allocation ceilings and a proposed power bridge. That makes the real question harder to dodge: what is committed, what is merely projected, and who carries the risk?

Water has a ceiling. Consumption is still unknown.

The City of El Paso's resource hub describes a five-phase Meta/Wurldwide campus with Phase 1 underway and publishes tiered water-allocation ceilings. At full buildout, its Tier III figures reach a maximum of 2.5 million gallons per day and an average of 1.5 million. Those are agreement or allocation ceilings, not a meter reading, a wastewater discharge record, or proof of what any current phase consumes.

Agreements are not a blank check.

In its project update, El Paso describes approved land, Chapter 380 and tax-abatement agreements, projected tax revenue, and up to $5 million in roadway and intersection funding for the wider Northeast community. The city's wording does not turn those references into verified project spending or a direct facility subsidy. The reviewed tracker record separately carries a reported $10 billion project-cost field; that is investment context, not public money.

The power plan is contested, too.

The city's June filing describes a proposed 366 MW McCloud natural-gas facility as a bridge for the project and says another 525 MW of Meta-related generation remains to be defined. The record still does not establish energized capacity, data-center IT load, measured water use, or who ultimately pays for the power path.