Found this post about the trouble Wal-Mart faces when trying to establish businesses in black communities. The Mulatto Advocate calls it, What was that I drank? Thanks to La Shawn for the link.
It's not like anyone else was falling over themselves in a rush to build there. Let's face facts. Businesses avoid black neighborhoods like the plague. Harsh statement? You bet. A little self examination might tell you why. Ask yourself why anyone would want to give you anything after the temper tantrums you threw in 1965 and 1992.
Wal-Mart said, "We trust you". Please don't be deluded, of course they want to make a buck; but the relationship is not a parasitic one. Wal-Mart would have made money from the community, but it also would have put money into the community in terms of sales tax dollars and wages. Would Wal-Mart have put some small businesses under? Maybe. The area where the store would have gone is not exactly rich in retail development, so it's doubtful that it would have hurt too many businesses.