Wal-Mart Subsidies in Fenton, MO
Store Details
| City | Fenton |
| State | MO |
| Address | 635 Gravois Rd |
| ZIP code | 63026 |
| County | St. Louis |
| Type of Facility | discount store |
| Year Opened | 2001 |
| Value of Subsidies | $10 million |
Narrative
The city used sales-tax increment financing for land preparation on two retail developments put together by THF Realty. One included a Wal-Mart and several smaller stores and restaurants; the other had a Lowe's, Target, Kohl's, and about 30 smaller outlets. We assumed that one quarter of the $40 million total tax increment financing was attributable to the Wal-Mart development, since it was one of four large anchor stores. The Wal-Mart replaced a smaller store in the same town.
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