Wal-Mart Subsidies in Beaver Dam, WI
Store Details
City | Beaver Dam |
State | WI |
Address | 115 Distribution Way |
ZIP code | 53916 |
County | Dodge |
Type of Facility | distribution center |
Year Opened | 2007 |
Value of Subsidies | about $7.7 million |
Narrative
In October 2003 Beaver Dam officials signed a memorandum of understanding with Wal-Mart that called on the city to spend about $2.3 million on infrastructure improvements, including $800,000 of its own funds and $1.5 million that the city would seek to get from the state. The city also agreed to reimburse Wal-Mart $5.4 million of the purchase price for the land. Of that, $1.4 million was to be paid on or before closing, and the remainder was to be paid in 20 annual installments of $200,000. On November 10, 2005 the Madison Capital Times reported that some state prison inmates were helping in the construction of the facility.