Microsoft is taking over a $50 million, 315-acre plot of land in southeastern Wisconsin originally intended for a massive Foxconn factory that famously failed to live up to its hype. 

Microsoft plans to build a $1 billion data center on the site 30 miles from Milwaukee.

In 2017 Taiwan-based Foxconn Technology Group, the world's largest electronics manufacturer and maker of Apple iPhones, announced plans with great fanfare to build a $10 billion facility that would employ 13,000 people. Despite receiving nearly $3 billion in tax breaks, the company grossly undelivered on the promised jobs and capital investment, adding fuel to the fire in hotly contested debates about the value of incentives. The incentives were later drastically reduced.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.