Wal-Mart Subsidies in Opelousas, LA
Store Details
City Opelousas
State LA
Address 3160 Highway 743
ZIP code 70570
County St. Landry
Type of Facility distribution center
Year Opened 1999
Value of Subsidies $33 million

Narrative
The Economic Development District of St. Landry Parish agreed to issue $30 million in industrial revenue bonds, which were then purchased by Wal-Mart. The District held the title on the land and leased it to the company. This enabled Wal-Mart to avoid paying property taxes. Local officials estimate the savings at $1 million the first year, for a total of at least $30 million over the life of the bonds. The state provided $3 million in infrastructure improvements.

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