Seduction of Snake Oil: Foxconn’s tentative existence is far from its “Eighth Wonder of the World” sales pitch
Hoping to build a political legacy, President Donald J. Trump mused in 2018 that the expansive Wisconn Valley Science and Technology Park in Mount Pleasant would be the “Eighth Wonder of the World.” The first phase of the project — while still a substantive investment for the area — is slightly more than one-third of the projected valuation of the property for what Foxconn initially proposed in 2017. With the state, county and local governments financing $1.4 billion in infrastructure and land acquisition costs, Foxconn agreed that the tax revenue from the company’s portion of that building project would...
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