Foxconn and nearby homeowners

[XC.Morrison]

"As of late July, the village had paid just over $152 million for 132 properties to make way for Foxconn, plus $7.9 million in relocation costs, according to village records obtained by Wisconsin Public Radio and analyzed by Wisconsin Watch.

The village threatened eminent domain against some homeowners, saying their property was needed for road improvements. But in some cases those plans changed or were dropped even before the homes — some of them newly built — were bulldozed, state records show."

"The Village of Mount Pleasant and Racine County have created a tax-increment district to pay for $911 million in land acquisition, infrastructure and other expenses to support the Foxconn project. The costs are expected to be recouped with funding and property tax revenue from Foxconn and other businesses in the district.

The $911 million is on top of the $3 billion incentive package approved by the GOP-controlled state Legislature and signed into law by then-Gov. Scott Walker, a Republican.

But Foxconn’s plans have repeatedly changed. The giant flatscreens have been replaced by smaller screens, with operations planned to begin in late 2020.

Foxconn fell short of its employment goal in 2018, failing to earn job tax credits. Democratic Gov. Tony Evers said Foxconn also will likely fall 300 jobs short of its target of 1,800 jobs in 2020.

As Foxconn begins vertical construction on a nearly 1 million-square-foot factory, a recent report raises fresh questions about how big the Foxconn project will be.

At the request of the state Department of Administration, an economist at the Upjohn Institute for Employment Research examined possible changes to the Foxconn incentive package given that the “facility is reported to involve a $2 billion investment, and 1,500 to 1,800 jobs.” That is significantly smaller than the planned $10 billion facility generating 13,000 jobs."

https://www.postcrescent.com/story/money/business/2019/09/03/foxconn-homeowners-near-mount-pleasant-site-say-they-were-misled/2155653001/

 

[600ProX2]

That whole situation there seems fucked up....

[spin_dry]

Foxxconn will pull mostly from Illinois for their employees. Illinois gets the tax benefit and Wisconsin gets to clean up the mess.  

[racer254]

9 minutes ago, spin_dry said:

Foxxconn will pull mostly from Illinois for their employees. Illinois gets the tax benefit and Wisconsin gets to clean up the mess.  

I am so glad you think you have any clue what is going on with this project.

[Jimmy Snacks]

3 hours ago, racer254 said:

I am so glad you think you have any clue what is going on with this project.

Enlighten the class genius.

[racer254]

15 hours ago, Jimmy Snacks said:

Enlighten the class genius.

Nope, Your always going to have someone that is just pissed about progress and how it effects them no matter what the monetary compensation is.   And others will use that to push a narrative.   This is a prime example.  WI is a state the Dems want back and they will use any type of false equivalency to make that happen.   You have to be able to look past it and understand what is going on by doing a little research.

[racer254]

Next you will be hearing about delays blaming it on something entirely different than what it actually is.

Here are the people that have changed since the project was started. 

Louis Woo -- Foxconn exec that dealt with WI.

Terry Gou -- Foxconn CEO

Scott Walker -- Former Gov

Scott Neitzel  -- Former Admin Sec

Mark Hogan  -- Former chief of the Wisconsin Economic Development Corp.

Of course things are going to change when you have 5 major heads running the show changing.

 

[Mainecat]

That’s called an ass raping of taxpayers supported by the Republican Party.