{"id":63864,"date":"2023-12-22T19:33:26","date_gmt":"2023-12-22T19:33:26","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/22\/microsoft-just-paid-76-million-for-a-wisconsin-pumpkin-farm\/"},"modified":"2023-12-22T19:33:26","modified_gmt":"2023-12-22T19:33:26","slug":"microsoft-just-paid-76-million-for-a-wisconsin-pumpkin-farm","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/22\/microsoft-just-paid-76-million-for-a-wisconsin-pumpkin-farm\/","title":{"rendered":"Microsoft just paid $76 million for a Wisconsin pumpkin farm"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">A Wisconsin family has agreed to sell 407 acres of their land, which includes a local pumpkin farm attraction, to Microsoft \u2014 for a total of $76 million, <a href=\"https:\/\/www.bizjournals.com\/milwaukee\/news\/2023\/12\/20\/microsoft-corp-foxconn-mount-pleasant-purchase.html\" target=\"_blank\" rel=\"noopener\">reported the <em>Milwaukee Business Journal<\/em><\/a><em>.<\/em> The local government initially offered the Creuziger family in Mount Pleasant, Wisconsin about a third of that sum in 2017 as a part of an agreement with the Foxconn Technology Group. But the family refused, opting to hold out for a better offer.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">\u201cThe family wishes the village and Microsoft well, and they would appreciate people respecting their privacy,\u201d the family\u2019s attorney David Barnes told the<em> Business Journal<\/em>.\u00a0<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Microsoft\u2019s payout is significantly larger than the land\u2019s current valuation. The Creuziger family\u2019s land was originally valued at $174,200 in 2023, but then rose to $598,400 after making improvements, Mount Pleasant\u2019s village assessor Dan McHugh told <em>The Verge<\/em>. <\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The land, which also includes the <a href=\"https:\/\/www.farmfun.com\/giantpumpkinfarm\" target=\"_blank\" rel=\"noopener\">Land of the Giants<\/a> pumpkin farm and a nine-acre corn maze, neighbors another 641 acres of land purchased by Microsoft from the village of Mount Pleasant \u2014 for a total of $99.7 million. The end goal for Microsoft is to build a <a href=\"https:\/\/www.wpr.org\/microsoft-expand-investment-mount-pleasant-foxconn-billions\" target=\"_blank\" rel=\"noopener\">data center campus<\/a> in the area, in which it plans to invest over $1 billion.\u00a0<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">All told, the sale is a happy ending for the village, after several years of <a href=\"https:\/\/www.theverge.com\/policy\/2019\/4\/26\/18518650\/foxconn-wisconsin-factory-lcd-buildings-us\" target=\"_blank\" rel=\"noopener\">confusion and mixed signals<\/a> from Foxconn. It\u2019s only been two years since Foxconn <a href=\"https:\/\/www.cnbc.com\/2021\/04\/21\/foxconn-mostly-abandons-10-billion-wisconsin-project-touted-by-trump.html\" target=\"_blank\" rel=\"noopener\">drastically scaled back<\/a> its promised $10 billion investment in Mount Pleasant, which would have included a state-of-the-art manufacturing plant. <\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The <em>Milwaukee Business Journal<\/em> reported that Microsoft plans to <a href=\"https:\/\/www.tmj4.com\/news\/local-news\/microsoft-says-it-could-add-460-more-jobs-on-top-of-200-initial-jobs-at-new-wisconsin-data-center\" target=\"_blank\" rel=\"noopener\">initially hire 200 employees<\/a> at its Mount Pleasant data center \u2014 and could add over 460 jobs over time. But it\u2019ll still be a fraction of the <a href=\"https:\/\/www.wpr.org\/mount-pleasant-approves-microsoft-deal-data-centers-foxconn-land\" target=\"_blank\" rel=\"noopener\">13,000 jobs<\/a> that Foxconn originally promised the area back in 2017.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\"><em><strong>Update, December 22th, 02:12 PM PT:<\/strong>\u00a0This story has been updated to include further information about land value from Mount Pleasant\u2019s village assessor. <\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2023\/12\/22\/24012534\/microsoft-wisconsin-pumpkin-farm-foxconn-76-million-mount-pleasant\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Wisconsin family has agreed to sell 407 acres of their land, which includes a local pumpkin farm attraction, to Microsoft \u2014 for a total of $76 million, reported the Milwaukee Business Journal. The local government initially offered the Creuziger family in Mount Pleasant, Wisconsin about a third of that sum in 2017 as a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-63864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/63864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=63864"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/63864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/63865"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=63864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=63864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=63864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}