MADISON, Wis. (AP) — A state senator negotiating with Foxconn to establish a massive electronics plant in Wisconsin says a crucial vote on a contract was delayed because taxpayer money could be at risk if the Taiwanese company doesn’t fulfill its end of the deal.
Gov. Scott Walker has signed a $3 billion incentives package for Foxconn to build a flat screen manufacturing complex in Mount Pleasant. The Wisconsin Economic Development Corporation is working on a contract to execute the incentives.
The State Journal reports that state Sen. Tim Carpenter said that, because of the deal’s structure, the agency can’t guarantee taxpayer money will be recouped if Foxconn violates the agreement.
The agency chief executive, Mark Hogan, has declined to explain why the scheduled vote was delayed. Democrats are pressuring Hogan to release the contract details before any vote.