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Tue Apr 30, 2019, 09:32 PM

Foxconn tore up a small town to build a big factory, then retreated

MOUNT PLEASANT, Wis.—Six miles west of Lake Michigan lies a cleared building site half again 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 improvements, from burying sewer pipes to laying storm drains.

One thing largely missing: Foxconn.

President Trump and Foxconn Chairman Terry Gou hatched the factory plan in 2017, and both attended last summer’s gold-shovel groundbreaking in Mount Pleasant, 20 miles south of Milwaukee.

As of Dec. 31, the Taiwanese manufacturing giant, famous as an Apple Inc. supplier, had spent only $99 million, 1% of its pledged investment, according to its latest state filings. The company projected as many as 2,080 in-state employees by the end of 2019 but had fewer than 200 at last year’s end, state filings show. The village is still awaiting factory building plans for review. Locals said Foxconn contractors have recently been scarce on the site.

The impact on Mount Pleasant, by contrast, is palpable. Its debt rating has slipped. Local politics has become fraught. Neighbors have fallen out over land seizures.

“At some point we’re talking about things that are just imaginary,” said Nick Demske, a commissioner in Racine County, where the plant is. “We’re pretending.”

-more-

https://www.msn.com/en-us/money/companies/foxconn-tore-up-a-small-town-to-build-a-big-factory-then-retreated/ar-AAAHLQS?li=BBnbfcN

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Reply Foxconn tore up a small town to build a big factory, then retreated (Original post)
Yo_Mama_Been_Loggin Apr 30 OP
Heartstrings Apr 30 #1
scarletwoman Apr 30 #2
Wounded Bear Apr 30 #3
dragonlady Apr 30 #4
dalton99a Apr 30 #5
a kennedy Apr 30 #6
gratuitous Apr 30 #7
TheBlackAdder Apr 30 #8

Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 09:38 PM

1. Tony Evers is totally against this travesty for WI....

And is doing his best to rectify it all while facing hostile, misguided, misinformed, red hat wearing, angry trump supporters.

Go Tony! Fight for us! We're behind you! Go Tony!

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 10:05 PM

2. How utterly unsurprising. Wasn't this a big Scott Walker thing?

I suspected from the beginning that this project was likely destined for ignominy.

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 10:07 PM

3. Everything Trump touches goes to shit...

I feel for the local folks, but they were sold a bill of goods.

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 10:19 PM

4. Curiously, the article does not mention Scott Walker even once

He was the major player in this mess, famously jotting down a few basic points of the agreement on a cocktail napkin. The Foxconn deal was supposed to be the grand success that would ensure his third term as governor, and he agreed to anything in order to accomplish that. But enough voters woke up to deny him victory. And I would bet that Trump's role in all this is much less important than he made it out to be, as is usual for him.

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 10:28 PM

5. Their name is FoxCONn

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Response to dalton99a (Reply #5)

Tue Apr 30, 2019, 10:29 PM

6. Exactly......

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 10:51 PM

7. Oh, did you think everyone was going out on that limb together?

"Hey Mount Pleasant, you fucked up! You trusted us!"

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Response to Yo_Mama_Been_Loggin (Original post)

Tue Apr 30, 2019, 11:01 PM

8. It sounds like a modern version of Kelo vs. City of New London

.

Eminent domain to raze a community, then the builder backs out due to funding issues.

https://en.wikipedia.org/wiki/Kelo_v._City_of_New_London

.

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