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Walmart agrees to pay $ 1.3M for Nixed Store in southeast DC



Walmart has agreed to pay DC $ 1.3 million to Washington for abandoning plans to open a business in the southeast

The dealer withdrew from an opening shop at the Skyland Town Center shopping mall angry local politicians. [19659003] "When Walmart terminated his Skyland lease, a deprived part of our community was deprived of jobs and retail options promised to him," Attorney General Karl Racine said in a statement. "District residents expect companies and developers to live up to their commitments."

When he was mayor, Councilor Vincent Gray made a deal with Walmart: The dealer opened a store in Skyland as a condition for building stores in other parts of DC

Two Walmart stores opened in the northwest and one in the Northeast, but the company dropped plans for the business in Skyland, a development that is surrounded by neighborhoods that the federal government considers food waste.

Mayor Muriel Bowser and other local politicians dismissed the decision when it was announced in January 201

6, News4 reported.

"Blood Delusion:" DC Leaders React to Wal-Mart Announcement

Attorney General Karl Racine promised that his office would investigate further future offers and financial incentives of the city. The district offered Walmart developers $ 40 million in tax breaks, the settlement said. D.C. Safeway also offered $ 3.6 million over four years to come out of a previous agreement that worried Walmart. These payments should start only next year.

"Although Walmart's decision to retire from engagement with the district has been extremely disappointing, this comparison represents the good judgment of the district and Walmart that it is preferable to solve this problem, a lengthy and costly lawsuit," said Racine.


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