Wal-Mart Subsidies in Lafayette, CO
|Type of Facility||Supercenter|
|Value of Subsidies||$2.1 million|
NarrativeThe city will reimburse Wal-Mart $1.6 million for up-front land acquisition costs and about $500,000 for storm water retention improvements with sales tax increment financing payments over approximately three and a half years. The Supercenter is replacing a Wal-Mart discount store that currently accounts for one-fifth of all retail sales in the city. Lafayette offered even more incentives to Wal-Mart to rehab the site of the discount store, but Wal-Mart refused.