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Foxconn Tore Up a Small Town to Build a Big Factory--Then Retreated [View all]
David Fahrenthold RetweetedFoxconn got a $4B tax incentive package to build a huge factory in Wisconsin, a plan urged by Trump. Contractors bulldozed 75 homes and cleared hundreds of acres. Then Foxconn retreated. By Dec. 31, the company spent 1% of its pledged investment.
Link to tweet
Foxconn Tore Up a Small Town to Build a Big Factory—Then Retreated
The iPhone maker got fat incentives to build a $10 billion LCD plant that largely hasn’t materialized on land where Mount Pleasant, Wis., razed homes and crops
By Valerie Bauerlein
April 29, 2019 1:07 p.m. ET
MOUNT PLEASANT, Wis.—Six miles west of Lake Michigan lies a cleared building site half as big as Central Park, ready for Foxconn Technology Group’s $10 billion liquid-crystal-display factory.
Contractors have bulldozed about 75 homes in Mount Pleasant and cleared hundreds of farmland acres. Crews are widening Interstate 94 from Milwaukee to the Illinois state line to accommodate driverless trucks and thousands of employees. Village and county taxpayers have borrowed around $350 million so far to buy land and make infrastructure...
TO READ THE FULL STORY
The iPhone maker got fat incentives to build a $10 billion LCD plant that largely hasn’t materialized on land where Mount Pleasant, Wis., razed homes and crops
By Valerie Bauerlein
April 29, 2019 1:07 p.m. ET
MOUNT PLEASANT, Wis.—Six miles west of Lake Michigan lies a cleared building site half as big as Central Park, ready for Foxconn Technology Group’s $10 billion liquid-crystal-display factory.
Contractors have bulldozed about 75 homes in Mount Pleasant and cleared hundreds of farmland acres. Crews are widening Interstate 94 from Milwaukee to the Illinois state line to accommodate driverless trucks and thousands of employees. Village and county taxpayers have borrowed around $350 million so far to buy land and make infrastructure...
TO READ THE FULL STORY
VALERIE.BAUERLEIN@WSJ.COM
https://twitter.com/vbauerlein
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