Wal-Mart Subsidies in American Fork, UT
|Address||949 W Grassland Dr|
|Type of Facility||Supercenter|
|Value of Subsidies||$1.2 million|
NarrativeThe city set up a special improvement district to provide $3.5 million in infrastructure improvements to the developers of a retail complex anchored by Wal-Mart, Home Depot, and Kohl's. The city will divert a decreasing percentage of property and sales taxes to repay the developers over 10 years. We assume that a third of the subsidy benefited each of the three anchor stores. The Supercenter is replacing a discount store in town.