Foxconn Technology Group is in breach of contract for failing to construct a high-tech screen plant in Mount Pleasant, while local governments spent hundreds of millions of dollars to prepare for the project, according to a lawsuit filed Tuesday by a real estate development company.
Hintz Real Estate Development Co. claims Foxconn is in breach of its contract by failing to construct a Generation 10.5 LCD manufacturing facility, employ local workers in manufacturing and construction “to the extent agreed,” and failing to make capital investments in the county and village “to the extent agreed.”
“The municipalities, to the detriment of its citizens and taxpayers, have been damaged by the Foxconn defendants’ breach,” according to the complaint filed in Racine County Circuit Court.
“The Foxconn defendants’ breach has proximately caused the municipalities and their citizens to lose the expected benefits of the promised development of the Gen. 10.5 LCD facility, an amount measured in the billions of dollars.”
All true, of course — this state-backed project has been a failure. For families whose homes were razed for Trump and Walker’s project, the losses may only be imperfectly (and inadequately) measured as legal damages (where claimed loss is assigned a dollar value).
There are few lawsuits of this type in Wisconsin, where a large private company and local government are defendants (and few anywhere for a Potemkin project of this size).
Well worth watching, as there may be much to learn from the litigation.
Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers, Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s Road Repair Budget, The Man Behind the Foxconn Project, A Sham News Story on Foxconn, Another Pig at the Trough, Even Foxconn’s Projections Show a Vulnerable (Replaceable) Workforce, Foxconn in Wisconsin: Not So High Tech After All, Foxconn’s Ambition is Automation, While Appeasing the Politically Ambitious, Foxconn’s Shabby Workplace Conditions, Foxconn’s Bait & Switch, Foxconn’s (Overwhelmingly) Low-Paying Jobs, The Next Guest Speaker, Trump, Ryan, and Walker Want to Seize Wisconsin Homes to Build Foxconn Plant, Foxconn Deal Melts Away, “Later This Year,” Foxconn’s Secret Deal with UW-Madison, Foxconn’s Predatory Reliance on Eminent Domain, Foxconn: Failure & Fraud, Foxconn Roundup: Desperately Ill Edition, Foxconn Roundup: Indiana Layoffs & Automation Everywhere, Foxconn Roundup: Outside Work and Local Land, Foxconn Couldn’t Even Meet Its Low First-Year Goal, Foxconn Talks of Folding Wisconsin Manufacturing Plans, WISGOP Assembly Speaker Vos Hopes You’re Stupid, Lost Homes and Land, All Over a Foxconn Fantasy, Laughable Spin as Industrial Policy, Foxconn: The ‘State Visit Project,’ ‘Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn,’ Foxconn: When the Going Gets Tough…, The Amazon-New York Deal, Like the Foxconn Deal, Was Bad Policy, Foxconn Roundup, Foxconn: The Roads to Nowhere, Foxconn: Evidence of Bad Policy Judgment, Foxconn: Behind Those Headlines, Foxconn: On Shaky Ground, Literally, Foxconn: Heckuva Supply Chain They Have There…, Foxconn: Still Empty, and the Chairman of the Board Needs a Nap, Foxconn: Cleanup on Aisle 4, Foxconn: The Closer One Gets, The Worse It Is, Foxconn Confirm Gov. Evers’s Claim of a Renegotiation Discussion, America’s Best Know Better, Despite Denials, Foxconn’s Empty Buildings Are Still Empty, Right on Schedule – A Foxconn Delay, Foxconn: Reality as a (Predictable) Disappointment, Town Residents Claim Trump’s Foxconn Factory Deal Failed Them, Foxconn: Independent Study Confirms Project is Beyond Repair, It Shouldn’t, Foxconn: Wrecking Ordinary Lives for Nothing, Hey, Wisconsin, How About an Airport-Coffee Robot?, Be Patient, UW-Madison: Only $99,300,000.00 to Go!, Foxconn: First In, Now Out, Foxconn on the Same Day: Yes…um, just kidding, we mean no, Foxconn: ‘Innovation Centers’ Gone in a Puff of Smoke, Foxconn: Worse Than Nothing, Foxconn: State of Wisconsin Demands Accountability, Foreign Corporation Stalls, Foxconn Notices the Noticeable, Journal Sentinel’s Rick Romell Reports the Obvious about Foxconn Project, Foxconn’s ‘Innovation’ Centers: Still Empty a Year Later, Foxconn & UW-Madison: Two Years and Less Than One Percent Later…, Accountability Comes Calling at Foxconn, and Highlight’s from The Verge’s Foxconn Assessment.