Wal-Mart Subsidies in Covina, CA
|Address||1275 N Azusa Ave|
|Type of Facility||discount store|
|Value of Subsidies||$5.3 million|
NarrativeAn article in the Los Angeles Times on October 28, 1993 reported that the Covina city council had approved plans for the redevelopment agency to borrow up to $12 million from Wal-Mart to purchase the land, which would then be resold to Wal-Mart for $6.7 million, making the subsidy equal to $5.3 million. City officials did not return calls from Good Jobs First for more information.