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Racine County Board Authorizes More Bonds For Foxconn Land Purchases

The Racine County Board authorized the sale of $68-million dollars in taxable bonds for the purchase of additional land for the Foxconn project in Mount Pleasant. David Anderson---of PFM Financial---the county's financial advisor---told the County Board last night that most of the land in the area---designated a Phase1 --- has already been purchased. This additional bonding is for other areas targeted for Foxconn.  Anderson reiterated that the Village of Mount Pleasant will levy a special assessment on Foxconn that will eventually be used to pay the county back the money it has borrowed for the project. Supervisor QA Shakoor II---who supported the additional bonding---said however---that the county MUST be ready for any unintended consequences of the Foxconn development. The County Board is expected to formally approve the sale of the bonds at their meeting in two weeks---which will be held at the River Bend Nature Center.