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Martinsville’s Common Council has unanimously denied a request from Lowe’s Companies Inc. to abate $423,000 of $722,000 in potential taxes on real estate improvements.
Council members said subsidizing the home-improvement chain would be unfair to existing businesses.
The Mooresville, N.C., company wants to locate a store near an existing Wal-Mart on Grand Boulevard, according to The Reporter-Times.
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