Wal-Mart Subsidies in Duarte, CA
Store Details
City Duarte
State CA
Address 1600 S Mountain Ave
ZIP code 91010
County Los Angeles
Type of Facility discount store
Year Opened 1995
Value of Subsidies $1.8 million

Narrative
The city subsidized the purchase price of the land for this discount store. The landowner was selling the site for $11 per square foot, but Wal-Mart was only willing to pay $8. The city financed the gap, borrowing the money from Wal-Mart and repaying the debt through a sales tax rebate.

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