Madison Mayor Paul Soglin said Thursday he is recommending Taiwanese electronics manufacturing giant Foxconn take over the shuttered Oscar Mayer site or either of two undeveloped sites on the city’s edges for what is believed to be a possible medical-related facility.

Foxconn is proposing a $10 billion liquid crystal display plant in southeastern Wisconsin that could eventually employ 13,000 people at an average salary of $53,000 a year. The company also is considering expanding its Wisconsin presence to the Dane County area, officials have confirmed.

A proposal distributed last week by the Madison Region Economic Partnership (MadREP) said an unnamed company is seeking to invest about $505 million in a 20-acre undeveloped site to build a 700,000-square-foot manufacturing facility that could employ as many as 650 people in its first five years of operation.

For more details, read this story: http://host.madison.com/wsj/news/local/govt-and-politics/mayor-paul-soglin-to-foxconn-consider-oscar-mayer-site-in/article_1f86ca63-d75e-5cdf-a23f-31b6cbfa1a6c.html

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