Wal-Mart Subsidies in Kirkwood (St. Louis), MO
Store Details
City Kirkwood (St. Louis)
State MO
Address 1202 S Kirkwood Rd
ZIP code 63122
County St. Louis
Type of Facility discount store
Year Opened 1999
Value of Subsidies $5.7 million

Narrative
The city provided $21.4 million in tax increment financing to the developers of the Kirkwood Commons mall. Of that, $4 million was used for neighborhood improvements and $17 million went for commercial use, including acquiring land, demolishing and relocating over 100 homes, preparing the site and infrastructure improvements. The commercial project includes a Wal-Mart, a Target and a Lowe's. We divided the retail portion of the TIF among the three anchors to estimate the value to Wal-Mart.

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