We've all known for a long time, but now the numbers have come out. An independent economic analysis firm did a fiscal impact study of Pullman (as PARD has been whining about for months) that is being testified to at the moment.
The results are shocking:
The Pullman economy is losing nearly 50%, or $92 million in retail sales leakage annually due to residents shopping outside of Pullman, mainly in Moscow.
That equals $780,000 in annual sales tax revenue lost to the city of Pullman every year!!!!!!
Wal-Mart will go a long way towards allowing us to stop that leakage and NOT harm our existing businesses. Wal-Mart could easily add $500,000 EACH YEAR in sales tax revenue to Pullman.
So the question, "Is Wal-Mart Good for Pullman?" Has just been answered. YES IT IS!!!!
PARD should immediately withdraw its appeal in the best interest of Pullman. It's time that we rise up and demand they do so.