Wal-Mart Subsidies in Perris, CA
Store Details
City | Perris |
State | CA |
Address | 2560 N Perris Blvd |
ZIP code | 92571 |
County | Riverside |
Type of Facility | discount store |
Year Opened | 1992 |
Value of Subsidies | about $2.7 million |
Narrative
The city council provided more than $8 million in infrastructure assistance through tax increment financing to the developer of a shopping center anchored by Wal-Mart, Albertsons, and Mervyn's. Public records did not specify and local officials did not know how the money was divided among the tenants, but we assume that one-third, or about $2.7 million, of the improvements benefited each anchor store.