"Deadline missed for $60 million Foxconn fund deposit, but source says it's a minor wrinkle"

Rick Romell, Milwaukee Journal Sentinel Published 6:01 p.m. CT Dec. 15, 2017 | Updated 6:42 p.m. CT Dec. 15, 2017

 

 

 "A deadline came and went Friday for Foxconn Technology Group to deposit $60 million into a special account as specified by its contract with Mount Pleasant and Racine County.

"However, a representative of the local governments said the problem is only a minor wrinkle arising from the complications of preparing necessary paperwork to create the account.

"The account is expected to be established and the money deposited within the next few days, according to a joint statement late Friday afternoon from attorneys for the village, the county and Foxconn.

"'All parties are on the same page,' said the representative of the municipalities. '... Nobody has any concerns about it.'"

Read more: https://www.jsonline.com/story/money/business/2017/12/15/foxconn-misses-fund-deposit-deadline-but-source-says-its-minor-wrinkle/955238001/

"... Nobody has any concerns about it."  It's only $60 million.