Foxconn Tore Up a Small Town to Build a Big Factory--Then Retreated

[mahatmakanejeeves]

David Fahrenthold Retweeted

Foxconn 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

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[Sherman A1]

1. We need to stop these tax give aways to corporations

they are the true Welfare Queens.

[Luciferous]

2. Yes they are!

[JDC]

3. A fitting legacy for Scott Walker and Paul Ryan

An empty shell standing in monument to their empty promises and policies.

[tblue37]

4. K&R for visibility. nt

[MyOwnPeace]

5. We had them here

in western Pennsylvania under both Democratic and Republican leadership.
Every single time the school district in which I worked was not able to collect a single cent of tax money because of the "incentives" given to the corporations (Chrysler, Volkswagen, Sony) - yeah, like those guys needed a break, right?
Also, every single time the "tax break" was up - they were gone.

HELLO!!!!!! - anybody seeing a lesson here?

[2naSalit]

6. K&R

[HuskyOffset]

7. Story is behind a paywall for me

Is available anywhere else?

[demigoddess]

8. too bad somebody couldn't turn it into an apartment building.

But 'businessmen' never seem to be able to do anything good.