COMMENT: "I keep hearing things about subsidizing Lowe's, but I also hear that Lowe's will have to pay ALL of their taxes. Which is it? Is there really a shopping center or just Lowe's? I'm beginning to wonder who is pulling who's leg!"
My understanding is that the Lowe's is part of a shopping center. It would be the anchor tenant. The developer would provide space for adjacent stores of smaller size, possibly restaurants.
Lowe's itself isn't getting the tax break, as I understand it. The developer or land owners is, so they can reduce construction costs. My guess is that the tax break helps reduce rent costs for Lowe's (and other businesses) by reducing the developers yearly debt obligations.
It's all tied together.
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