Wal-Mart Subsidies in Kirkwood (St. Louis), MO
Store Details
| City | Kirkwood (St. Louis) |
| State | MO |
| Address | 1202 S Kirkwood Rd |
| ZIP code | 63122 |
| County | St. Louis |
| Type of Facility | discount store |
| Year Opened | 1999 |
| Value of Subsidies | $5.7 million |
Narrative
The city provided $21.4 million in tax increment financing to the developers of the Kirkwood Commons mall. Of that, $4 million was used for neighborhood improvements and $17 million went for commercial use, including acquiring land, demolishing and relocating over 100 homes, preparing the site and infrastructure improvements. The commercial project includes a Wal-Mart, a Target and a Lowe's. We divided the retail portion of the TIF among the three anchors to estimate the value to Wal-Mart.
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