Wal-Mart Subsidies in D'Iberville, MS
Store Details
City | D'Iberville |
State | MS |
Address | 3615 Sangani Blvd |
ZIP code | 39540 |
County | Harrison |
Type of Facility | Supercenter |
Year Opened | 1999 |
Value of Subsidies | $2.3 million |
Narrative
The development received infrastructure assistance worth $4.6 million, of which $4 million took the form of city and county tax increment financing. A city official estimated that $3 million was diverted from city property and sales taxes and $1 million was taken from Harrison County property taxes. The remaining funds were provided through a $600,000 Community Development Block Grant. In addition to a Supercenter, the developer's project includes a Lowe's and several smaller stores and restaurants. We divided the subsidy between the two anchors to estimate the benefit to Wal-Mart.