Wal-Mart Subsidies in Beaver Dam, WI
|Address||115 Distribution Way|
|Type of Facility||distribution center|
|Value of Subsidies||about $7.7 million|
NarrativeIn October 2003 Beaver Dam officials signed a memorandum of understanding with Wal-Mart that called on the city to spend about $2.3 million on infrastructure improvements, including $800,000 of its own funds and $1.5 million that the city would seek to get from the state. The city also agreed to reimburse Wal-Mart $5.4 million of the purchase price for the land. Of that, $1.4 million was to be paid on or before closing, and the remainder was to be paid in 20 annual installments of $200,000. On November 10, 2005 the Madison Capital Times reported that some state prison inmates were helping in the construction of the facility.