Wal-Mart Subsidies in Nitro, WV
Store Details
| City | Nitro |
| State | WV |
| Address | 100 Nitro Marketplace |
| ZIP code | 25143 |
| County | Kanawha |
| Type of Facility | Supercenter |
| Year Opened | 1998 |
| Value of Subsidies | $4.9 million |
Narrative
The city gave a 20-year Business & Occupation tax break to THF Realty for a shopping center anchored by a Wal-Mart Supercenter and a Lowe's as reimbursement for infrastructure improvements. The city keeps the first $36,000 in tax revenue each year; the developer keeps the next $400,000 as well as 80% of revenue over $436,000. Based on information from local officials, we estimate the total subsidy to be worth $9.8 million. We assume half the subsidy can be attributed to each anchor, making Wal-Mart's portion $4.9 million.