Wal-Mart Subsidies in Birmingham (Crestwood Blvd), AL
Store Details
| City | Birmingham (Crestwood Blvd) |
| State | AL |
| Address | 7703 Crestwood Blvd |
| ZIP code | 35210 |
| County | Jefferson |
| Type of Facility | Supercenter |
| Year Opened | Expected Summer 2007 |
| Value of Subsidies | $11 million |
Narrative
By borrowing money against bond warrants, the city of Birmingham contributed over half of the $21.4 million purchase price for the property and transferred the title to Wal-Mart, which will build a Supercenter; smaller stores will be developed on the rest. According to the mayor's economic development liaison, Birmingham is not a rich city and doesn’t have a lot of bond capacity. It usually doesn’t put costs for developments up front, but "this was an exception because it was such a valuable project."
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