Wal-Mart Subsidies in New Castle (Union Township), PA
Store Details
City | New Castle (Union Township) |
State | PA |
Address | 2501 W State St |
ZIP code | 16101 |
County | Lawrence |
Type of Facility | Supercenter |
Year Opened | 1996 |
Value of Subsidies | $1.3 million |
Narrative
The township provided $1.3 million in infrastructure reimbursements to three companies developing a Supercenter, including THF Realty. The city is paying back the developers through a 20-year loan. Payments for the first ten years were financed by a tax abatement through the Remedial Action Plan program. During the second ten years, the township, municipalities, and school district will each pay a percentage of the taxes they receive towards the debt.