Wal-Mart Subsidies in New Orleans, LA
Store Details
City New Orleans
State LA
Address 1901 Tchoupitoulas St
ZIP code 70130
County Orleans
Type of Facility Supercenter
Year Opened 2004
Value of Subsidies estimated $7 million

Narrative
This controversial store in the city's Garden District came about from developer Historic Renovation Inc.'s innovative plan to link tax increment financing to the construction of nearby low-income housing. Although Wal-Mart has not benefited from the TIF money, the deal included a provision for it to make payments in lieu of property taxes. According to an analysis done by Barry Schlaile while he was president of a local merchant's group, the PILOT was set well below the level at which Wal-Mart would otherwise be paying taxes. Using Schlaile's analysis, we estimate that the tax savings to Wal-Mart will be about $7 million over the 20-year life of the agreement.

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