Wal-Mart Subsidies in Glenwood, IL
Store Details
| City | Glenwood |
| State | IL |
| Address | 103 Holbrook Road |
| ZIP code | 60425 |
| County | Cook |
| Type of Facility | discount store |
| Year Opened | 2005 |
| Value of Subsidies | more than $2 million |
Narrative
The Village of Glenwood is reimbursing Wal-Mart for development costs through tax increment financing. The maximum reimbursement amount is just over $2 million plus 4% interest per year from the date that Wal-Mart incurred the costs until they are repaid (this includes any costs incurred before the redevelopment agreement went into effect).
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