Wal-Mart Subsidies in Pell City, AL
|Address||165 Vaughan Lane|
|Type of Facility||Supercenter|
|Value of Subsidies||$1.1 million|
NarrativeThe city purchased the land for $1.6 million, then leased the site to Wal-Mart with an option to buy. Wal-Mart will pay a total of $500,000 over ten years towards the city's bond payments, making the value of the subsidy $1.1 million.