Wal-Mart Subsidies in Sharon Springs, NY
Store Details
City Sharon Springs
State NY
Address 100 High St
ZIP code 13459
County Schoharie
Type of Facility distribution center
Year Opened 1995
Value of Subsidies estimated $46 million

Narrative
The deal called for the Schoharie County Industrial Development Agency to take title to the facility, so that it would be exempt from property taxes. Wal-Mart agreed to make a (partial) payment in lieu of taxes, so that the deal was in effect a property tax abatement. Based on information from county officials, we estimate that the savings to Wal-Mart will total about $46 million over the 20-year life of the agreement.

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