Foxconn purchases Milwaukee building for North American HQ

-
2:58
Family and friends mourn crash victims as 2 remain hospitalized;...
-
1:10
CBS 58’s One Good Thing: Mike Curkov and Lance Allan talk with...
-
0:55
Ascension Elmbrook aims to combat isolation with social meal...
-
0:53
Fans hope Marquette-Wisconsin matchup helps boost women’s sports...
-
2:18
‘We can’t control the city’: Family and football coach...
-
2:14
Milwaukee mother mourns son, 11, fatally shot near 68th and...
-
2:08
Driver fleeing traffic stop crashes into car at 35th and Vliet,...
-
2:31
Milwaukee leaders call on parents, community after several violent...
-
2:01
Family of woman killed by MPD squad wants answers: ’How could...
-
0:30
Man dies after being crushed by machine at Palermo’s Pizza...
-
7:50
Milwaukee Fire Department highlights challenges for first responders
-
0:57
The Good Neighbor Grant Fund: Milwaukee launches program to strengthen...
Foxconn has officially closed on a deal for it’s North American corporate headquarters in downtown Milwaukee.
Northwestern Mutual sold the building to Foxconn and handed the keys to the company on Friday.
This building will not only serve as a corporate headquarters, it will work with local startups on artificial intelligence displays.
Foxconn says in the next couple of weeks they will start hiring contractors to modernize the 130,000 square foot facility.
Mayor Tom Barrett says it should create 500 jobs.
“For me this is all about jobs, and i’m very very excited for the opportunity for people to have jobs not just in the heart of the city, but throughout the city," Barrett said. "Because i think our challenge now is how to we get jobs for people throughout the city of Milwaukee including those neighborhoods that have fallen behind.”
Foxconn left open the possibility of eventually building a skyscraper downtown.