Racine County Executive Jonathan Delagrave said Wednesday that the Foxconn Technology Group will building its massive new manufacturing complex in Mount Pleasant, Wisconsin, situated west of Racine.
The complex will spread over 1,198 acres bounded by I-94 on the west, Highway KR on the south, Highway H on the east and Braun Road on the north.
The project will include upgrades of the I-94 interchanges at Highway 11 and Highway KR. Officials also are seeking to buy another 1,073 acres between Braun Road and Highway 11, and an area of 622 acres east of Highway H for construction staging.
The entire Foxcaonn build will include a 20-million square foot manufacturing plant which will house a thin-film transistor liquid crystal display plant, a facility to package LCD modules, a skill-intensive facility focused on molding and tool-and-die processes, and an assembly operation to produce end-device units.
The Milwaukee Journal Sentinel reports about 90 percent of the area is under contract, some 2,900 acres, but landowners adjacent to the Foxconn acreage are concerned about the effect the complex will have on their property. Foxconn has made offers of up to $50,000 per acre for land in the area.
Louis Woo, special assistant to Foxconn Chairman Terry Gou, said the company will “at least a few hundred” manufacturing workers in Racine County by the end of next year.
The Wisconsin - Foxconn deal has met with some speculation that the Taiwan-based electronics company will not follow through with its plans, as happened with proposed projects the company had promised in Pennsylvania and Brazil.
Tim Sheehy, president of the Metropolitan Milwaukee Association of Commerce, said he's confident the deal will come to fruition.
"We would not have made this announcement (Wednesday) if we weren't confident that the land was assembled and that they were ready to get going in the spring," Sheehy said.
"With 10,000 construction jobs, there won't be a dump truck left unattended for the next four years," Sheehy said.
Wisconsin granted Foxconn a $3 billion incentive package last month . Racine County and Mount Pleasant will spend up to $168 million to acquire land for Foxconn, under the terms of the $764 million local incentives package made public Wednesday.