Microsoft spends $76 million to buy land to build data center

According to The Verge , the Creuziger family has agreed to sell their 407- ^acre property, including a large pumpkin farm, to Microsoft for a total of $76 million. This is more than three times the initial price that the local government offered the Creuziger family 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.

Photo of a Creuziger family estate that Microsoft bought for $76 million

Notably, Microsoft's payment to the Creuziger family is significantly larger than the current value of the land, which was valued at $174,200 in early 2023 but has since risen to $598,400 with some adjustments.

The property includes the Land of the Giants pumpkin farm and a 36,000-square ^-foot corn maze, located next to a nearly 2.6-square-mile plot of land ^. another 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 more than $1 billion.

The sale is seen as a happy ending for the village after years of turmoil surrounding Foxconn’s investment. Two years earlier, Foxconn announced a significant scaling back of its promised $10 billion investment in Mount Pleasant as part of plans to build a state-of-the-art manufacturing plant.

Microsoft initially plans to hire 200 people at the Mount Pleasant data center and may add more than 460 seasonal workers, sources said, but that is far below the 13,000 jobs Foxconn promised for the area in 2017.

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