Costco Pulls Building Permits for Elk Grove Project

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Costco Pulls Building Permits for Elk Grove Project

Posted: 12/29/2017

Costco Store Rendering

This morning, Costco Wholesale Corporation (Costco) pulled building permits for its approximately 150,000 SF project in Elk Grove. The Costco project will also include a 24-pump fueling facility with capacity for future expansion to 30 pumps; a parking lot with 751 parking stalls; and vehicular access points off of Elk Grove Boulevard and Civic Center Drive. Construction is planned to begin in mid to late January 2018, and is anticipated to be completed in early summer 2018, weather permitting.

This project will create an estimated 100 full-time and 100 part-time retail jobs with average hourly wages of approximately $22 plus benefits. Within the first 25 years, the Costco project will generate an estimated $27 million of sales tax revenue to the City. The project will also generate additional revenue for the City in the form of increased property and utility taxes.

The Costco project will act as a catalyst for development of the entire commercial corridor along Elk Grove Boulevard between Bruceville Road and Laguna Springs Drive, which will generate additional significant sales tax and other revenue to the City once built out.

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