Wal-Mart Subsidies in Glenwood, IL
|Address||103 Holbrook Road|
|Type of Facility||discount store|
|Value of Subsidies||more than $2 million|
NarrativeThe 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).