Microsoft spends $76 million to buy land for a data center.

According to The Verge , the Creuziger family has agreed to sell their 407-acre (approximately 1.65 ^km² ) property, including a large pumpkin farm, to Microsoft for a total of $76 million. This figure is more than three times the initial price offered by local authorities in 2017 to transfer the land to Foxconn Technology Group. At that time, the Creuziger family refused and chose to wait for a better offer.

The photo shows a Creuziger family estate that Microsoft purchased for $76 million.

Notably, Microsoft's payment to the Creuziger family was significantly larger than the current value of the land. According to an initial valuation in early 2023, the Creuziger family's land was worth $174,200, but this subsequently increased to $598,400 following several adjustments.

The property includes the Land of the Giants pumpkin farm and a corn maze spanning over 36,000 ^m² , situated next to a nearly 2.6 ^km² plot of land. Another property was purchased by Microsoft from the village of Mount Pleasant for $99.7 million. Microsoft's ultimate goal is to build a data center campus in the area with an expected investment of over $1 billion.

The sale is seen as a happy ending for the village after years of uncertainty surrounding Foxconn's investment. Two years prior, Foxconn announced a significant reduction in its promised $10 billion investment in Mount Pleasant, part of a plan to build a modern manufacturing plant.

Initial reports indicated that Microsoft planned to hire 200 employees at the Mount Pleasant data center and potentially add more than 460 seasonal workers. However, this figure is significantly lower than the 13,000 jobs Foxconn promised the region in 2017.

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