Wal-Mart Subsidies in American Fork, UT
Store Details
City | American Fork |
State | UT |
Address | 949 W Grassland Dr |
ZIP code | 84003 |
County | Utah |
Type of Facility | Supercenter |
Year Opened | 2004 |
Value of Subsidies | $1.2 million |
Narrative
The city set up a special improvement district to provide $3.5 million in infrastructure improvements to the developers of a retail complex anchored by Wal-Mart, Home Depot, and Kohl's. The city will divert a decreasing percentage of property and sales taxes to repay the developers over 10 years. We assume that a third of the subsidy benefited each of the three anchor stores. The Supercenter is replacing a discount store in town.