- THIS FOLLOW-UP NOW ON LANDOWNERS IN RACINE COUNTY AND
REPORTING WE DID LAST SUMMER ABOUT THEIR OPTIONS TO SELL TO
FOXCONN.
- THEY DID APPROACH, ASKED IF I WOULD BE INTERESTED IN SELLING.
- THIS WAS FARMER TOM FLIESS IN JULY.
THIS WEEK IT'S REPORTED FLIESS DID SELL, 380 ACRES IN MOUNT
PLEASANT TO FOXCONN.
PRICE TAG?
$18 MILLION.
HIS SON ALSO SOLD 147 ACRES TO FOXCONN FOR $7 MILLION.
THE COMPANY WAS OFFERING $50,000 AN ACRE, WAY OVER THE FORMER
MARKET VALUE.
ALSO THIS WEEK, FOXCONN ANNOUNCED IT HAD PURCHASED AN
OFFICE BUILDING IN DOWNTOWN MILWAUKEE FROM NORTHWEST MUTUAL.
- FOXCONN SAYS IT WILL SERVE AS ITS CORPORATE HEADQUARTERS
IN WISCONSIN.
- NOW TO A DIFFERENT ECONOMIC STORY.
ACCORDING TO THE U.S. GEOLOGIC SURVEY,
PRODUCTION OF FRAC SAND HAS INCREASED MORE
THAN 36% IN THE PAST YEAR AND FOR A SECOND YEAR IN A ROW
WISCONSIN LEADS THE NATION IN PRODUCTION OF THE SAND USED TO
HYDRAULIC DRILLING FOR OIL.
IN 2017, WISCONSIN PRODUCED
$1.5 BILLION WORTH OF MINERALS, MOST OF WHICH
WAS INDUSTRIAL SAND.
WISCONSIN IS LOOKING OVER ITS SHOULDER AS A FRAC SAND BOOM IS
NOW TAKING SHAPE IN WEST TEXAS.