MOUNT PLEASANT, Wis.—almost five years after the iPhone assembler was unveiled by Foxconn Technology Group plan of a factory That would turn this corner of southeastern Wisconsin into a high-tech manufacturing hub, with only a few buildings occupying a 3,000-acre site, a massive power substation largely unused and the new roads with little travel.
But Taiwan-based Foxconn remains on the hook to pay for infrastructure improvements and land acquisitions for its hitherto abandoned grand plans. Starting next tax year, Foxconn’s payments to a particular tax district in this village of about 27,000 people will exceed about $36 million a year and remain at that level for more than 20 years until the debt on infrastructure is paid off. Will be