Foxconn Technology Group has deposited $60 million for Village of Mount Pleasant officials to use for acquiring land for the company’s massive flat-screen plant.
Racine County and Mount Pleasant officials said in a news release Friday that the Taiwanese electronics giant had deposited the money with the village.
The village secured purchase options on 1,400 acres that will be used as a construction staging area, the plant itself and future expansion. The village has until Dec. 29 to exercise those options.
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The village eventually wants to acquire about 3,300 total acres for the facility.
Foxconn has said the $10 billion plant could employ up to 13,000 people. Initial operations at the site could begin as early as January 2019.
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