Wal-Mart Subsidies in Sand Springs, OK
|Address||220 S Highway 97|
|Type of Facility||Supercenter|
|Value of Subsidies||$2.8 million|
NarrativeThe city provided $2.8 million for infrastructure improvements to the developer of a project in which a Wal-Mart discount store was closed and replaced by a Supercenter two miles away. The improvements were financed by a tax increment financing plan based both on property and sales taxes. The increment was said to be the difference between the taxes generated by the discount store and those expected from the Supercenter. The new store was built on a remediated site that had been the location of a smelter, but no incentives were linked to the brownfield status.