Re:Peloton to invest $400M to build its first U.S. manufactu...
by c618b9b695c4 on Tuesday May 25, 2021 @03:18PM
(#27281206)
>but that just means infrastructure got built in Wisconsin.
Quite a bit of the infrastructure goes nowhere -it only benefits a factory built out at that location. As a Chicago resident who sometimes visits Milwaukee, I will personally note that the interstate construction was horrible and ripped up roads that had been completed just a few years prior.
To say nothing of the people that lost their homes to eminent domain.
Re:Peloton to invest $400M to build its first U.S. manufactu...
by missedthecue on Tuesday May 25, 2021 @07:37PM
(#27284212)
Yes but someone's domained home or your more miserable ride to Milwaukee isn't profit for Foxconn either.
Re:Peloton to invest $400M to build its first U.S. manufactu...
by valleyer on Tuesday May 25, 2021 @02:45PM
(#27280660)
Good points. So what did Foxconn gain? Or was it really just a slip-up?
Re:Peloton to invest $400M to build its first U.S. manufactu...
by DiabloD3 on Tuesday May 25, 2021 @03:08PM
(#27281036)
It was a slip up in the sense that Foxconn didn't get to go home with the money, since there was hardly any up front.
Foxconn is known for the, uh, con, so a lot of industry insiders weren't surprised this entire thing played out the way it did.
Yes, the state of Wisconsin sunk some money into infrastructure in the area, but that just means infrastructure got built in Wisconsin. That's not profit for Foxconn.