Wal-Mart Subsidies in Collinsville (I 55/70), IL
Store Details
City Collinsville (I 55/70)
State IL
Address Interstate 55/70 and State Highway 157
ZIP code 62234
County Madison
Type of Facility Supercenter
Year Opened Expected mid-2007
Value of Subsidies $9.5 million

The city council approved a $19 million incentive package for the developer of the shopping center containing this store. This included $12 million for land acquisition costs and $7 million for infrastructure and site preparation assistance. The development will have two major anchors: the Supercenter and a Home Depot's. We assume half the subsidy can be attributed to each anchor, making Wal-Mart's portion $9.5 million. The incentives will be paid in part for through incremental sales tax revenues.

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