Microsoft on Monday received the first of two local government approvals it needs to buy more than 600 acres of industrial park land from the village of Mount Pleasant, setting the stage for what the company says will be billions of dollars of investment in data center construction.The village board unanimously approved the sale and a suite of revised development agreements with the Microsoft, Foxconn International Holdings, which has options to develop the land, and Racine County, the village`s local partner in creating the Wisconsin Innovation Park.
Village Board President David DeGroot portrayed the deal with Microsoft as a vindication of the "calculated risk" of partnering with Foxconn in 2017 and investing $1.3 billion in local, state and federal funds to develop the industrial park as a site that could in time become a technology hub...
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- - Volume: 11 - WEEK: 48 Date: 11/29/2023 1:55:10 PM -