In October 2017, Foxconn announced that it would build a $10 billion flat-panel TV campus in Mount Pleasant. Mount Pleasant offered $860 million in tax incentives to attract Foxconn, borrowing funds to do so. Mount Pleasant also declared some residential areas as 'blighted' to require residents to vacate the project area. Larger landowners were privately offered up to 5x their assessed value, while smaller landowners were later offered 1.4x assessed value at time of assessment, which in some cases ended up being less than actual value. A number of landowners sued to stop the village's use of eminent domain laws to benefit a private company. Construction was targeted to begin in the second quarter of 2018. The plan for the campus is to expand in phases over five or more years.