Wal-Mart Subsidies in Opelousas, LA
Store Details
| City | Opelousas |
| State | LA |
| Address | 3160 Highway 743 |
| ZIP code | 70570 |
| County | St. Landry |
| Type of Facility | distribution center |
| Year Opened | 1999 |
| Value of Subsidies | $33 million |
Narrative
The Economic Development District of St. Landry Parish agreed to issue $30 million in industrial revenue bonds, which were then purchased by Wal-Mart. The District held the title on the land and leased it to the company. This enabled Wal-Mart to avoid paying property taxes. Local officials estimate the savings at $1 million the first year, for a total of at least $30 million over the life of the bonds. The state provided $3 million in infrastructure improvements.
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