Wal-Mart Subsidies in Riverside, CA
Store Details
City | Riverside |
State | CA |
Address | 2663 Canyon Springs Pkwy |
ZIP code | 92507 |
County | Riverside |
Type of Facility | discount store |
Year Opened | 1993 |
Value of Subsidies | more than $2.2 million |
Narrative
The city leased the parking lot from Wal-Mart, paying rent through a 20-year sales tax abatement in the amount of $2.2 million plus interest. The city also made infrastructure improvements, but city officials would not provide a dollar amount.