Microsoft just paid $76 million for a Wisconsin
Microsoft just paid $76 million for a Wisconsin

Microsoft just paid $76 million for a Wisconsin pumpkin farm

What To Know

  • A Wisconsin family has agreed to sell 407 acres of their land, including a local pumpkin farm attraction, to Microsoft for a total of $76 million, as reported by the Milwaukee Business Journal.
  • Initially offered about a third of this sum in 2017 by the local government as part of an agreement with the Foxconn Technology Group, the Creuziger family held out for a better offer.
  • The property, featuring the Land of the Giants pumpkin farm and a nine-acre corn maze, is adjacent to another 641 acres of land purchased by Microsoft Wisconsin from the village of Mount Pleasant for $99.
  • According to the Milwaukee Business Journal, Microsoft intends to hire 200 employees initially at its Mount Pleasant data center, with the potential to add over 460 jobs over time.

A Wisconsin family has agreed to sell 407 acres of their land, including a local pumpkin farm attraction, to Microsoft for a total of $76 million, as reported by the Milwaukee Business Journal. Initially offered about a third of this sum in 2017 by the local government as part of an agreement with the Foxconn Technology Group, the Creuziger family held out for a better offer.

Microsoft’s payout significantly surpasses the land’s current valuation. Originally valued at $174,200 in 2023, the value rose to $598,400 after improvements, according to Mount Pleasant’s village assessor, Dan McHugh.

The property, featuring the Land of the Giants pumpkin farm and a nine-acre corn maze, is adjacent to another 641 acres of land purchased by Microsoft Wisconsin from the village of Mount Pleasant for $99.7 million. Microsoft’s ultimate objective is to establish a data center campus in the area, with plans to invest over $1 billion.

The sale marks a positive outcome for the village after years of uncertainty and shifts from Foxconn. Just two years ago, Foxconn significantly scaled back its promised $10 billion investment in Mount Pleasant, which included a state-of-the-art manufacturing plant.

According to the Milwaukee Business Journal, Microsoft intends to hire 200 employees initially at its Mount Pleasant data center, with the potential to add over 460 jobs over time. However, this remains a fraction of the 13,000 jobs originally pledged by Foxconn to the area in 2017.

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