"Behind the deal: How Yorkville hoped to capture $1.3B in Foxconn spillover development" (Milwaukee Business Journal)
Milwaukee BusinessApril 01, 2018
The tiny town immediately west of Foxconn Technology Group’s $10 billion Racine County manufacturing plant developed giant ambitions in December and January.
Just across Interstate 94 from the town of Yorkville, Foxconn will soon start building an LCD screen manufacturing plant in Mount Pleasant expected to have 13,000 workers. Town officials heard predictions that Yorkville, with a population just over 3,000, could build 1,300 homes, each valued at $200,000, for those workers. If a quarter of the suppliers that Foxconn could bring to Racine County decide to plant a flag in Yorkville, it would fill nearly 1.5 million square feet of industrial buildings with 975 jobs, according to projections.
Faced with the potential for $1.3 billion in projects along the west side of Interstate 94, Yorkville officials in late 2017 mounted an effort to capture the opportunity, according to documents and emails the town released in response to open records requests. Through meetings with other local governments, town officials drew up plans to extend new infrastructure to the farmland between Highway 20 and Highway KR, and to pay for the work.
Most of those concepts didn’t become public before Yorkville’s Town Board on Jan. 22 abandoned the idea in the face of widespread opposition from residents to dense development along Interstate 94.
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