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The article makes it sound like it wasn't free for tax payers and there were a bunch of subsidies and infrastructure costs that were tax funded. "Foxconn could
by bguebert 3y ago
The article makes it sound like it wasn't free for tax payers and there were a bunch of subsidies and infrastructure costs that were tax funded.
"Foxconn could hire people in the final weeks of the year, get tens of millions in subsidies, and be free to lay them off once the filing deadline passed"
"State and local governments spent at least $400 million, largely on land and infrastructure Foxconn will likely never need."
- hunglee2 3y agogood point, the subsidies are of course US tax payers money. Nobody a winner then, save perhaps the politician who parlayed everyone's material losses to political capital!
- pengaru 3y agoThere are definitely losers, and they're on US soil. Residents lost their homes in Mount Pleasant to make way for this debacle ffs.
- hunglee2 3y agoTHAT I didn't know. What is the scenario here - compulsory home purchase?
- pengaru 3y agohttps://urbanmilwaukee.com/2022/01/13/final-lawsuit-over-foxconn-eminent-domain-settled/ https://urbanmilwaukee.com/2022/01/13/final-lawsuit-over-fox... The Reply-All podcast did a great episode covering the Mount Pleasant / Foxconn events at the time: https://gimletmedia.com/shows/reply-all/wbhjwd/ https://gimletmedia.com/shows/reply-all/wbhjwd/
- pathartl 3y agoI live in the area. They completely redid I-94, which was probably necessary anyway. What wasn't necessary was the complete rebuild of all the frontage roads and county highways in the area. I feel for the people that lost their house under imminent domain. There are still some people here who think that either Foxconn is still ramping up, or that it's the current administration's fault, or that they're actually still hiring a bunch of people. I personally don't know a single person that's worked for Foxconn in the area, but I do know a few people in construction that either worked on the plant or on the infrastructure surrounding it. The deal did have a stipulation with tax credits that Foxconn had to meet certain job numbers by specific dates or it had to pay them back. To my knowledge they have been paid. But yeah, as you pointed out that doesn't factor in the massive change to infrastructure.
- dbtonez 3y agoi hate driving past that facility. it makes me sick, thinking of all the people who were forced to relocate for such a failure of a project. i also have not met a single person who has worked for Foxconn in Mount Pleasant, haven’t met a single person who works at their office in Milwaukee, nothing.