Wal-Mart Subsidies in Cleveland/Steelyard Commons, OH
Store Details
City Cleveland/Steelyard Commons
State OH
Address I71 & Jennings Fwy
ZIP code 44101
County Cuyahoga
Type of Facility Supercenter
Year Opened Fall 2007
Value of Subsidies $4.16 million

While local economic development officials did not return our calls, in its report Steelyard Secrets (http://www.policymattersohio.org/steelyard_secrets.htm), Policy Matters Ohio reported that the project, located at the site of a former steel mill, is receiving $12.48 million in federal New Markets Tax Credits over seven years. We divided this evenly among the three anchors: Wal-Mart, Target and Home Depot. In February 2007 Wal-Mart announced it would forgo about $10 million in state property tax abatements it would have received for building on environmentally contaminated land.
2007 Good Jobs First. This site is in no way connected with Wal-Mart Stores, Inc. or any affiliate of Wal-Mart Stores, Inc.