uhhhh hard no.... was born there, still have family in Racine and drive by the joke on the way to my aunt and uncle's place a couple times a year. they knew it wouldn't work, my uncle nailed exactly what would happen before the first shovel of dirt was dug and was 100% spot on... unlike the Trumpkins and dreamers at the time.
Google AI says...
The cost of the Foxconn project in Mount Pleasant, Wisconsin, including state, county, and local investments, was initially estimated to be over $4 billion, but has since been significantly reduced due to Foxconn's scaled-down plans. The initial agreement with Foxconn promised a $10 billion investment and 13,000 jobs, but this was later renegotiated to a $672 million investment and 1,454 jobs. State and local governments have spent millions on land acquisition, infrastructure improvements, and other costs related to the project.
Elaboration:
Initial Promises and Costs:
The state and local governments initially offered a package of incentives to lure Foxconn to Wisconsin, including $285 million in tax credits and $3 billion in total incentives. This was based on Foxconn's promise of a $10 billion investment and the creation of 13,000 jobs.
Scaled-Down Plans:
Foxconn later reduced its investment plans significantly, resulting in a renegotiated agreement with a $672 million investment and 1,454 jobs. This led to a reduction in the state's financial support to $80 million in tax credits.
Local Investments:
Mount Pleasant and Racine County invested heavily in infrastructure to accommodate the Foxconn project, including costs for water lines, roads, and sewer systems.
Land Acquisition:
The village and county also spent significant sums on acquiring land through eminent domain to make way for the Foxconn facility, including costs for relocating residents.
Ongoing Costs:
Even with the scaled-down plans, Foxconn is still obligated to meet its financial commitments to the village and county, including tax payments and special assessments. The village and county are relying on these payments to cover the costs of infrastructure improvements.
Microsoft's Investment:
In a recent development, Microsoft has agreed to purchase a portion of the Foxconn-owned land in Mount Pleasant for a data center project, potentially bringing new investment and jobs to the area.
By
Crnr2Crnr ·
Pelle15 Newest Member ·