[Westlander]

Wal-Mart vacated its Cathedral City discount store on Oct. 26, the same day the Supercenter opened in Palm Springs. Cathedral City had provided the retailer with nearly $2 million in tax incentives. But it now has lost about $650,000 in tax revenues, and the former neighboring shops are left without an anchor store.

Additional comments from both sides of the fence-
http://www.thedesertsun.com/apps/pbcs.dll/article?AID=/20051030/BUSINESS06/510300342/1003/business

[1rudeboy]

Wal-Mart vacated a store while opening a larger, newer store nearby? Sacre bleu! What can government do to protect us from this rampant corporate criminality?

[Popman]

Cathedral City had provided the retailer with nearly $2 million in tax incentives. But it now has lost about $650,000 in tax revenues,

Wal-Mart at the point of a gun made Cathedral City give Wal-Mart $2 M??? Not.

Assuming the store has been there 10 years. (you tell me) The city made $ 6.5 M in tax revenues.

Sounds like a good deal to me.

Wal-Mart made a business decision. Life sucks.