Wal-Mart Subsidies in Fenton, MO
|Address||635 Gravois Rd|
|Type of Facility||discount store|
|Value of Subsidies||$10 million|
NarrativeThe 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.