Wal-Mart wanted to come to the neighborhood adjacent to mine, and the mayor wanted them to come in. However, the neighborhood was vehemently against it. The worst part, though, was that the developer and Wal-Mart were wanting tax credits to come in and destroy local jobs, saying that "we need the tax breaks to make this project viable".
After a big uproar, the city eventually pulled the tax breaks and Wal-Mart backed out, knowing that they weren't welcome.
The interesting thing to me is that we're in the middle of the city. There is nothing that Wal-Mart sells that we cannot buy within walking distance or a ten-minute drive. Wal-Mart is absolutely unnecessary in the neighborhood. And yet the citizens were being told that we should give them tax breaks to come in? What benefits are they providing? There would not be any gain in jobs because we're already shopping in the neighborhood. The only thing that would happen would be that local businesses would close and the profits would be sucked out of the local economy. The only benefit was purely political, in that it would probably bleed some sales from the Target that's located ten blocks away, but which is in another city. That would produce some tax revenues for Denver, albeit at the cost of tax revenues from the other city. But then we would give the money right back to Wal-Mart in the form of tax breaks.
I really don't care if Wal-Mart opens, but giving them tax breaks is the ultimate in stupidity.
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