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

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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