Recent projects have been on AWS. For a project that is roughly on the scale of our colo in terms of instances, though with aggregate lower performance, we are buying one of our colos every year. It’s insane. Network costs are particularly egregious in AWS.
But there is absolutely no way we’d be permitted to build colo facilities for many reasons and there are many reasons why even if we could get permission to do so we would choose not to due the resulting death by a thousand cuts orchestrated by the team who happens to have inserted themselves as the owner for DC/colo like things.