MOUNT PLEASANT — Land is being set aside near where Foxconn is expected to build a manufacturing plant for future development.
Stack Real Estate, an Illinois-based firm focused on commercial developments, plans to develop three land parcels east of Interstate 94. Two are in Mount Pleasant, and one is in Sturtevant. Stack owner Jeff Rothbart said Foxconn’s plans to develop a liquid crystal display panel plant in Racine County presents a unique opportunity for his business because of Foxconn’s size and scale.
Rothbart said he has an exclusive option to purchase three land parcels located north and east of Foxconn’s planned location. The land totals almost 122 acres. He said he does not yet have firm plans for what businesses might locate on those plots, but said they could be suppliers or contractors who may do business with Foxconn.
“It’s exciting, and I look forward to reaching out to whoever wants to work with me,” he said.
Rothbart’s plans fall in line with what the village hopes the technology manufacturer will spur as it solidifies its future in Mount Pleasant.
Sam Schultz, Mount Pleasant’s community development director, said the village hopes to see supplier companies locate in the village, along with high quality commercial offices and residential development.
“It’s my job as community development director … to try to leverage this to make it the best project it can be for village residents and the wider community,” Schultz said. “That’s constantly our goal.”
Although Foxconn’s development in Mount Pleasant is not yet final, the village has taken steps in preparation for its construction. In October, for example, the village approved an agreement with Racine County and the Wisconsin Department of Transportation to temporarily transfer jurisdiction of the roads in the construction area to the state.
The state offered Foxconn about $3 billion worth of incentives to build in Wisconsin, a deal approved by Gov. Scott Walker in September.
The Wisconsin Economic Development Corp. must approve the contract. That organization is scheduled to vote on the contract behind closed doors at its meeting today in Madison.