Tuesday, February 20, 2018

"Foxconn land acquisition hearing set"

From The Journal Times.com:

MOUNT PLEASANT — A public hearing next month will help determine whether the Village of Mount Pleasant can acquire all the land needed for the $10 billion Foxconn Technology Group project — even from property owners who refuse to sell all of their land.

On Monday the Mount Pleasant Community Development Authority set a hearing for 5 p.m. March 20 at the Village Hall, 8811 Campus Drive. That hearing could lead to village acquisitions of any remaining pieces of property needed for the massive Foxconn project.

Before the CDA meeting, Mount Pleasant’s property acquisition attorney and expert, Alan Marcuvitz, gave an update on Foxconn-related property acquisitions so far and what the process will be for the village to seek the rest of what will be needed.

As of Monday, Marcuvitz said, between $82 million and $85 million in total land purchase options were in hand in the three Foxconn areas combined. The village exercised all of those options and now owns those roughly 1,700 acres. Most purchases of large tracts of land are being made for $50,000 per acre.

Read more: http://journaltimes.com/business/local/foxconn-land-acquisition-hearing-set/article_d059c5e6-152d-5d15-982d-d486063aa33e.html#tracking-source=home-top-story

I keep thinking of the house in the middle of Western Publishing's parking lot on Mound Ave.

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