Wal-Mart Subsidies in Rialto, CA
|Address||1610 S Riverside Ave|
|Type of Facility||discount store|
|Value of Subsidies||$2.6 million|
NarrativeThe developer of a Wal-Mart discount store received a land write-down worth $2,575,000. The city makes payments worth 50% of the sales tax revenue generated by Wal-Mart and the smaller stores at the site for up to 20 years or until the subsidy amount (plus 9% interest) is paid in full.