Walmart reaches deal for 'dozens' of new Chicago stores

Crain's Chicago Business reports:

Wal-Mart Stores Inc. and a group of Chicago aldermen late Monday announced a deal under which the discount retailer would open dozens of new stores in the city, contribute $20 million to local charities and pay workers a minimum of $8.75 an hour.

The pact, announced by South Side Ald. Anthony Beale (9th) and others, does not appear to have the support of organized labor, at least not now.

But given what the deal would bring Chicago, union backing may not be needed.

This could be 10,000 jobs.