Wal-Mart Subsidies in Pell City, AL
Store Details
City | Pell City |
State | AL |
Address | 165 Vaughan Lane |
ZIP code | 35125 |
County | St. Clair |
Type of Facility | Supercenter |
Year Opened | 2003 |
Value of Subsidies | $1.1 million |
Narrative
The city purchased the land for $1.6 million, then leased the site to Wal-Mart with an option to buy. Wal-Mart will pay a total of $500,000 over ten years towards the city's bond payments, making the value of the subsidy $1.1 million.