On October 15, 2026, PIMCO's Libby Cantrill told Bloomberg Surveillance that state and local opposition, not federal policy, is the biggest risk to the AI build-out, citing New York's statewide data center moratorium and an Ohio AI data center referendum. An August poll found 75% opposed to data centers, up from 43% a year earlier. Texas Governor Greg Abbott has since paused new data center development while the state reviews applications. Cantrill now says the market underestimates state-level risk, with 36 governorships up and many candidates anti-data center. The discussion has turned to what developers will pay to clear opposition: Meta gave teachers $50,000 bonuses in Richmond Parish, Louisiana, and Pennsylvania developers offer residents $10,000 to allow construction. Microsoft said…