Wal-Mart Subsidies in Nitro, WV
Store Details
City Nitro
State WV
Address 100 Nitro Marketplace
ZIP code 25143
County Kanawha
Type of Facility Supercenter
Year Opened 1998
Value of Subsidies $4.9 million

Narrative
The city gave a 20-year Business & Occupation tax break to THF Realty for a shopping center anchored by a Wal-Mart Supercenter and a Lowe's as reimbursement for infrastructure improvements. The city keeps the first $36,000 in tax revenue each year; the developer keeps the next $400,000 as well as 80% of revenue over $436,000. Based on information from local officials, we estimate the total subsidy to be worth $9.8 million. We assume half the subsidy can be attributed to each anchor, making Wal-Mart's portion $4.9 million.

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