Let me see if I understand this correctly. Some people believe we should embrace a 100,000 sq. ft. Walmart for economic reasons. According to the Heber City Big Box presentation we have "Sales Tax Leakage" on sales on "lost sales" of some $50 million dollars per year amounting to $290,000 per year. That amounts to approximately $3,000 spent out of Wasatch County (Heber City) for every man, woman and child in the County or about $10,000 for each family. Does your family spend and average of $800 per month on merchandise outside the county?
The proposed solution, WalMart, has a forecast sales projection of $1,618 for each person in the buying area or about $5,000 per family. The report also indicates that most local business will suffer 10 to 20% losses. This will reportedly add $200,000 to our tax coffers, (if the inflated projections hold true), or about $12 per person per year. Will your be spending that amount at WalMart, if they build here. Personally, I think my family may have spent $50 last year at WalMart and I doubt it would increase much - I'd rather pay the $12 in taxes.
Is it true that government (tax) incentives are being offered for WalMart to come? Leave the building size cap at 50,000 sq. ft. and continue to encourage people to buy more locally.