Home / Commercial Construction / Memo says Foxconn cost to taxpayers could near $4.5 billion

Memo says Foxconn cost to taxpayers could near $4.5 billion

MADISON, Wis. (AP) — A new analysis from the Legislature’s nonpartisan Fiscal Bureau says the cost to taxpayers for Foxconn Technology Group’s planned manufacturing campus in southeast Wisconsin could near $4.5 billion.

The memo was released Tuesday by Democratic Assembly Minority Leader Gordon Hintz.

Gov. Scott Walker has championed the project and the Republican-controlled Legislature approved a state tax incentive package that could have about $3 billion paid out over 15 years.

But the memo details other public costs, including $764 million in local government incentives, the $408 million expansion of Interstate 94 north and south and $134 million in road improvements.

Walker and proponents of the project say the $10 billion the Taiwanese company has said it will spend and its promise to hire as many as 13,000 jobs will transform the state and region’s economy.

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