Town Residents Claim Trump’s FoxConn Factory Deal Failed Them | NBC Nightly News

Town Residents Claim Trump’s FoxConn Factory Deal Failed Them | NBC Nightly News
Town Residents Claim Trump’s FoxConn Factory Deal Failed Them | NBC Nightly News
It was heralded as a great deal, a wonder of the world. 2 years ago, President Trump announce a massive new plan for Foxconn, the Taiwanese Electronics manufacturer breaking ground in Mount Pleasant, Wisconsin dear. This is just the beginning. The plan build a 10 billion dollar manufacturing Huff to make LCD TV screen creating 13,000 blue collar job in return, Foxconn secured more than four billion dollars in breaks from the state, so it started out. I think people were very excited. Community. Active Mount Pleasant is on track to spend close to nine hundred million dollars in land acquisition and infrastructure. That’S 38 x, our annual budget. It’S because of that Foxconn has also change the scale of the project telling Reuters it’s too expensive to make TV screens in the US. Then they said it was going to be a technology Hub and then they said it was going to be an AI Institute. Drama has homeowners Furious to this is Prairie View Drive, and this road here used to lead into an entire neighborhood of house. It has building they’ve been cleared out. Those residents are now asking. Was it worth it? She built her custom home in this subdivision with a dozen neighbors. The whole process has been somewhat of a nightmare. Now Mahoney’s is the last house standing for Neighbors took offers from the village government to move out and raise their homes. She says she receives a low-ball appraisal, so she stood her ground. I think this whole project was a scam. I don’t trust anything. Our President says he is not looking out for the residents of Mount Pleasant. Looking out for himself nbcnews requested interviews with Foxconn and the Village of Mount Pleasant, both declined in a statement, Foxconn says it’s pouring a concrete foundation and it’s the real to be moving into the next stages of construction. The company says it looks beginning production in late 2020 remain optimistic and the deal includes strong taxpayer protections. I have residents been taken for a ride here. There’S a real fear that we have been taken for a ride. Only hope is it. They build something NBC News, Mount Pleasant, Wisconsin watch. The latest interview show highlights and digital exclusives thanks for watching
President Trump announced the plan to build a $10 billion manufacturing hub two years ago, creating 13,000 blue collar jobs — and in return, securing FoxConn more than $4 billion in tax breaks from the state of Wisconsin. But to make the plant possible, Mt. Pleasant had to borrow money to buy up land — and now the town’s credit rating has been downgraded.» Subscribe to NBC News:
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Town Residents Claim Trump’s FoxConn Factory Deal Failed Them | NBC Nightly News

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