Chicago’s only Wal-Mart has pumped $10M into city coffers, report says

Crain's Chicago Business reports:

Proponents who want to see more Wal-Marts in Chicago point to a report that says the chain’s first, and so far only, city store has generated $10.3 million in sales tax revenue in its first two years.

The report card, released Wednesday, showed that $5.3 million came in the second year, and half of that amount benefited the city, Regional Transportation Authority and Cook County.

“Wal-Mart has proven to be an incredible economic engine for the West Side of Chicago,” Alderman Emma Mitts (37th) said about the store, which opened in her ward in the Austin neighborhood in 2006. Her office compiled the report.

Chicago would rather have jobs and tax revenue go somewhere else.