Wal-Mart Subsidies in Sharon Springs, NY
Store Details
| City | Sharon Springs |
| State | NY |
| Address | 100 High St |
| ZIP code | 13459 |
| County | Schoharie |
| Type of Facility | distribution center |
| Year Opened | 1995 |
| Value of Subsidies | estimated $46 million |
Narrative
The deal called for the Schoharie County Industrial Development Agency to take title to the facility, so that it would be exempt from property taxes. Wal-Mart agreed to make a (partial) payment in lieu of taxes, so that the deal was in effect a property tax abatement. Based on information from county officials, we estimate that the savings to Wal-Mart will total about $46 million over the 20-year life of the agreement.
Print Friendly