Wal-Mart Subsidies in New Castle (Union Township), PA
|City||New Castle (Union Township)|
|Address||2501 W State St|
|Type of Facility||Supercenter|
|Value of Subsidies||$1.3 million|
NarrativeThe 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.