Former Ward 2 candidate Morgan Lanigan tells CHSJ News those stores come in offering the city more options but they don't bring in a lot of tax revenue.
He says on a per acre basis the Wal-Marts in Saint John bring in far less than a Centrebeam which brings in $335 thou
Lanigan says Walmart generates 49-thousand dollars per acre in taxes while the vacant Bargain Shop on King Street brings in $118 thousand per acre. IT company Centerbeam also on King Street brings in $335 thousand per acre in tax revenue for the City For more info, click here