This story is somewhat personal to me. The little village Mount Pleasant in this story is right outside the border of City of Racine, where I worked as an accountant in Racine City Hall in my previous life before going to law school to become a lawyer. Last year, in our summer road trip to the US west coast, my wife and I stopped by Racine to take a look and took some pictures and was surprised by so much infrastructure construction going on. Now I understand the reason – the investment promise (still to be fulfilled) by Foxconn.
Valerie Bauerlein, The Wall Street Journal, Tuesday April 30, 2019
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. Continue reading “Foxconn tore up a small town to build a big factory, then retreated”