Brain357
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- Mar 30, 2013
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You seem to be in denial. These deals always go bad.If they haven’t starting building, then they have gotten any tax credits, the I-94 expansion was already in the works, utilities would come along with the expansion. Worker training for what? And, they ended up receiving a large dot grant to help with the expansion they otherwise would have had to pay for completely.Memo: Foxconn cost to public nearing $4.5 billionAnd yet the expansion of I-94 had been planned long before Foxconn came along, it just hadn’t progressed until then. They then applied for a received a grant from the feds for $227.4 million for its project already in progress. -WI is paying for all sorts of additional infastructure with no benefit so far. These deals always go bad.The whole premise of the thread is a falsehood.
They don’t perform as contracted, no benefit is given. Period.
Wisconsin Governor Scott Walker announced Wednesday his state will be using $160 million of federal funding from the USDOT INFRA program to help pay for the 36-mile I-94 interstate project that will support the Foxconn Technology Group's $10 billion LCD manufacturing plant in Mount Pleasant, Wisconsin. The remaining grant money will be put towards 50 or more bridge projects in the state.
The $227.4 million INFRA grant is the largest ever received for Wisconsin but is $86 million less than Wisconsin requested last October
DOT Releases $1.5B for 26 Infrastructure Projects
Wisconsin gets $160 million for I-94 upgrade ahead of Foxconn's arrival
Foxconn sends I-94 work into overdrive in Racine County | BizTimes Media Milwaukee
More than $1 billion has been spent on the I-94 north-south corridor since 2009, with most of the money going to adding lanes and rebuilding interchanges in Kenosha and Milwaukee counties. The Racine County portion of the project progressed at a slower pace as resources went to rebuilding the Zoo Interchange.
But the arrival of Foxconn Technology Group in Mount Pleasant means Racine County is now the center of attention when it comes to Department of Transportation projects. Anyone who has driven through the I-94 corridor in Racine County recently has seen the return of the familiar orange barrels, but it might be a few months before the state knows just how long those barrels will be there.
And with the expansion, water would need to also be routed at that time for the area, even if Foxconn wasn’t going in-
Water diversion sought for Foxconn area
Expanding water access has been of longstanding interest to the Village of Mount Pleasant,” stated Claude Lois, Foxconn project director for the Village of Mount Pleasant. “If this application is approved, it will help us better serve current and future residents, workers and visitors to our village.”
From what I could find the water main costs are $8 million.
The breakdown of public costs from the project, according to the memo, is as follows:
- State tax credits, $2.85 billion
- Local government incentives, $764 million
- U.S. Interstate 94 North-South project, $408 million
- Utility costs, $140 million
- State sales tax exemption, $139 million
- Road improvements, $134 million
- Worker training, $20 million
- Local government grants, $15 million
What local govt incentives have they utilized? As well as sales tax exemptions?