Wal-Mart Subsidies in Kirkwood (St. Louis), MO
|City||Kirkwood (St. Louis)|
|Address||1202 S Kirkwood Rd|
|Type of Facility||discount store|
|Value of Subsidies||$5.7 million|
NarrativeThe 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.