Scottsdale Voters Overturn Big Box Subsidy
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