Wal-Mart Subsidies in Fenton, MO
Store Details
City Fenton
State MO
Address 635 Gravois Rd
ZIP code 63026
County St. Louis
Type of Facility discount store
Year Opened 2001
Value of Subsidies $10 million

Narrative
The city used sales-tax increment financing for land preparation on two retail developments put together by THF Realty. One included a Wal-Mart and several smaller stores and restaurants; the other had a Lowe's, Target, Kohl's, and about 30 smaller outlets. We assumed that one quarter of the $40 million total tax increment financing was attributable to the Wal-Mart development, since it was one of four large anchor stores. The Wal-Mart replaced a smaller store in the same town.

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