Wal-Mart Subsidies in Duarte, CA
Store Details
| City | Duarte |
| State | CA |
| Address | 1600 S Mountain Ave |
| ZIP code | 91010 |
| County | Los Angeles |
| Type of Facility | discount store |
| Year Opened | 1995 |
| Value of Subsidies | $1.8 million |
Narrative
The city subsidized the purchase price of the land for this discount store. The landowner was selling the site for $11 per square foot, but Wal-Mart was only willing to pay $8. The city financed the gap, borrowing the money from Wal-Mart and repaying the debt through a sales tax rebate.
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