Wal-Mart Subsidies in San Diego, CA
|Address||3412 College Ave|
|Type of Facility||discount store|
|Value of Subsidies||$6.1 million|
NarrativeLocal officials did not respond to our requests for information, but we learned from a report published by the California Subsidies Project and the Center on Policy Initiatives (see http://www.onlinecpi.org/article.php?list=type&type=75) that the development received $9.8 million in subsidies, including $6.1 million that directly benefited Wal-Mart. Wal-Mart received a $1.3 million break on land costs through a $958,000 write-down (repaid through tax increment financing) and a right-of-way purchased by the city for $350,000 to widen a road. Wal-Mart also benefited from $2.6 million worth of infrastructure improvements and $2.2 million from a city lease of Park-and-Ride parking spaces that are also used by Wal-Mart customers. Lease payments will be made with the sales tax generated by the development.