Racine and Kenosha might as well be the same place, but Point Place in That 70's Show is probably based on Wind Point in Racine. Wind Point is where the worlds most influential decisions were held at the Wingspread conference center, and it is where the wealthiest and most influential Racinians send their children to school at The Prairie School.

Wind Point is also the Point and Place at which the Path of Souls (ie, the center of the milky way galaxy) glides over the horizon and intersects with the worlds largest source of fresh water. That's why the cabal has rooted itself here.