Wal-Mart Subsidies in Lancaster, CA
|Address||44765 Valley Central Way|
|Type of Facility||Supercenter|
|Year Opened||Fall 2007|
|Value of Subsidies||more than $2.3 million|
NarrativeWhile city officials did not return our calls, the Los Angeles Daily News reported on January 22, 2007 that the Supercenter subsidy package turned over ownership of a former Costco retail building (value undetermined) and provided $500,000 for remodeling work. The city also awarded $1.8 million in sales tax increment financing. The Supercenter is being constructed just to the south of a smaller existing Wal-Mart store, which will be closed and rehabbed to accommodate a group of smaller stores.