[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.

[1rudeboy]

Don't you understand? As soon as Wal-Mart built a store in Cathedral City, the government of Cathedral City "owned" it. [collectivist mode=off]