Costco To Start Building January 2018
Today the City of Elk Grove announced that Costco has pulled permits to build their Elk Grove location. They will start building in January 2018. The Costco will be located at the corner of Bruceville Road and Elk Grove Boulevard. The construction should be completed and the Costco should open in the Summer of 2018.
Statement from the City of Elk Grove:
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.
