Wal-Mart Subsidies in New Lenox, IL
Store Details
City New Lenox
State IL
Address US Rte 30 and Marley Rd
ZIP code 60451
County Will
Type of Facility Supercenter
Year Opened undetermined
Value of Subsidies up to $3.4 million

Narrative
Once the project opens for business, the developer – McVickers New Lenox LLC - will begin receiving sales tax reimbursements up to $6.8 million or until June 1, 2020, whichever comes first, as reimbursement for public infrastructure improvement costs necessary for the project. The reimbursements will equal 50 percent of the state sales tax collected from the development and distributed to the village.  The development will have two anchors: a Wal-Mart Super Center and a Menards hardware chain, so we attributed half of the subsidy to Wal-Mart.

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