Scottsdale Voters Overturn Big Box Subsidy

Date: 1 Apr 2004 | posted in: Retail | 0 Facebooktwitterredditmail

In March, voters in Scottsdale, Arizona, overwhelmingly rejected a plan to provide a massive public subsidy for a 42-acre big box development anchored by a Wal-Mart supercenter and a Lowe’s Home Improvement store. The plan, which was approved by the city council last year, allowed the developer to keep 49 percent of all the sales taxes generated by the shopping center over the next 40 years. Accounting for interest and inflation, the total value of the subsidy is estimated at $183 million.… Read More

Coalition Fights Massive Big Box Subsidy in Arizona

Date: 1 Jul 2003 | posted in: Retail | 0 Facebooktwitterredditmail

In July, the Scottsdale, Arizona, City Council voted 4-3 to approve one of the largest subsidies ever given to a big box retail development. Those voting in the minority described the subsidy, which could amount to as much as $183 million over 40 years, as "obscene" and "insane." The 600,000-square-foot development includes a Wal-Mart, Sam’s Club, and Lowe’s Home Improvement store. The project is slated for a 42-acre site occupied by a derelict mall in south Scottsdale. … Read More