Wisconsin Village Making Offers To Foxconn Property Owners

Local Homeowners Being Offered 140 Percent Of Fair Market Value, Landowners Offered $50K Per Acre

Land for Foxconn plant in Mount Pleasant
Land in the Village of Mount Pleasant where the Foxconn plant will be located. Chuck Quirmbach/WPR

The southeastern Wisconsin village that will be the location of Foxconn Technology Group’s massive manufacturing complex is offering local homeowners 140 percent of fair market value for their property and landowners $50,000 per acre.

The Journal Times reports the Village of Mount Pleasant, located about 30 miles south of Milwaukee and 60 miles north of Chicago, announced its plans to make way for the Taiwanese company’s plant Wednesday.

Village President Dave DeGroot said the area’s properties are in a “desirable location” and that “the amount the village is willing to give reflects that.”

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The village is planning to meet with property owners individually to present offers.