Wal-Mart Subsidies in D'Iberville, MS
|Address||3615 Sangani Blvd|
|Type of Facility||Supercenter|
|Value of Subsidies||$2.3 million|
NarrativeThe development received infrastructure assistance worth $4.6 million, of which $4 million took the form of city and county tax increment financing. A city official estimated that $3 million was diverted from city property and sales taxes and $1 million was taken from Harrison County property taxes. The remaining funds were provided through a $600,000 Community Development Block Grant. In addition to a Supercenter, the developer's project includes a Lowe's and several smaller stores and restaurants. We divided the subsidy between the two anchors to estimate the benefit to Wal-Mart.