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Tucson council directs staff to formalize development agreement for proposed Costco at Houghton/Old Vail
Summary
Council voted unanimously Feb. 3 to direct the city manager and city attorney to begin a development agreement with Costco Wholesale for a 158,000‑sq.‑ft. warehouse and fuel facility on 22 acres at Houghton/Old Vail, conditioned on verification of taxes and eligible reimbursements under a site‑specific sales‑tax incentive.
Mayor and the City Council on Feb. 3 voted to move forward with a proposed development agreement with Costco Wholesale for a 158,000‑square‑foot warehouse and fuel facility on about 22 acres at Houghton and Old Vail.
City staff presented an independent economic analysis showing the project’s projected economic footprint; Mike Joukowsky of the city’s economic‑issues team told the council the study projects roughly 320 full‑ and part‑time jobs and estimated gross city sales and property taxes of about $22.7 million over five years. Joukowsky said the city projection is driven largely by sales tax and that the company projects…
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