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Legacy Power Capital has unveiled plans for an innovation district at the former The Walk site in downtown Memphis, featuring an 800-room hotel, 700 residential units, and a 125,000-square-foot cloud service data center known as the 'Neural Nexus.' The first phase, focusing on the data center, is estimated to cost $400 million and take up to 30 months to complete, while the entire project is projected to reach $9.4 billion. This development aims to support local institutions with advanced AI computing capabilities.