UPDATE: Costco Coming to Georgetown, TX

February 24, 2023 – It appears Costco has announced a projected opening month for it’s new location coming to the community.

According to the company’s “New Locations Coming Soon” section of their website, the Georgetown, TX location seems to be currently expected to open in June 2023.

 

We are reaching out to the company for additional details, stay tuned for updates! You can read our previous reporting below.

October 25, 2022 – Costco has officially begun site work development on their Georgetown, TX location!

As of October 25th, Costco hasn’t announced an official opening date for the Georgetown store on their website, but we will keep watching for an official announcement from them and update this page with details when we confirm the date, or any other information.

Stay tuned!

September 27, 2022 – We have an update on Costco coming to Georgetown, TX!

On September 6, the Georgetown Planning and Zoning Commission approved Costco’s site development plan. Aly Van Dyke, Director of Communications and Public Engagement for the City of Georgetown, told Hello Georgetown that Costco’s next step is to schedule a pre-construction meeting with City staff.

“Costco can initiate the preconference meeting at any time before Sept. 6, 2024, when the SDP approval expires,” Van Dyke told Hello Georgetown.

Additionally, Van Dyke said Costco has applied for a building permit and the City is waiting for a payment to release it.

Costco has not provided an official date as to when they will be open in the community yet, but we are following this story very, very closely. Stay tuned!

7/20/2021 – It appears there is some new movement on Costco coming to Georgetown.

The City of Georgetown Planning and Zoning Department listed Costco Wholesale on their agenda for their Tuesday, July 20 meeting.

We’ve been told the City received the company’s application on June 21st and the July 20th meeting agenda item is their first review in a process that typically includes three reviews. Planning and Zoning told Hello Georgetown the July 20th meeting will include a request for more information from Costco as part of that process.

The company will be located 2201 N. IH-35, off Airport Road and Lakeway.

We’ll keep on this story and update this page as soon as we know more.

Stay tuned!

9/15/2020 – UPDATE

Many of you have been asking about the latest information regarding the proposed Costco location in Georgetown. Their website states they cannot comment on upcoming locations unless it is going to open within three months and directed us to a website where new locations are posted.

Naturally, Georgetown is not on this list since the original release from the city (see below) indicated the location would open within five years.

We will keep monitoring and reaching out, and let you know the moment we get a new update about Costco in Georgetown!

12/11/19 – Here’s a news release from the city titled “Costco plans store for Georgetown.” (We added the numerals.)

1. Agreements related to a planned Costco Wholesale warehouse at the northwest corner of Interstate 35 and Lakeway Drive in Georgetown were approved by City Council at their meeting on Dec. 10. Costco is planning to open a 158,000 square-foot store at the location within five years.

2. The business is expected to create 235 new jobs and a have a net benefit to the City of more than $11 million over 10 years. The City’s return on investment is expected to exceed the cost of incentives within three years.

3. The Costco store in Georgetown is expected to increase the proportion of purchases by residents inside the city and reduce the city’s retail leakage to nearby cities. A 2016 study showed that Georgetown households spent only 32 percent of their total annual spending at local businesses.

In addition, the Costco location is anticipated to attract shoppers from northern communities outside of the Austin metro region since there is currently no other Costco store between Georgetown and the Dallas metro area. Additionally, it will be the only Costco located on Interstate 35 in the region.

4. “This Costco store in Georgetown will provide a significant sales and property tax benefit to the City, which will help to fund City services such as public safety, the library, and parks and recreation,” Mayor Dale Ross said. “In addition, this store will increase our options and allow us to make more of our purchases here in Georgetown. Costco’s reputation as a quality employer means they will be providing good jobs for their employees, many of whom will be hired locally. This is a big economic development win for our community, and we look forward to welcoming Costco to Georgetown.”

5. At the meeting last night, the council approved the reimbursement of up to $2 million for two public roads for the Costco project. Funding by the Georgetown Transportation Enhancement Corporation for the roads is from a dedicated 0.5 percent sales tax in Georgetown for transportation projects for economic development. The Costco site will include a minimum of $20 million in capital costs for the project including the facility and public improvements.

6. A second item that was approved is a sales tax reimbursement agreement. Once the project is complete, the City will reimburse 50 percent of the sales taxes paid to Costco Wholesale annually. The reimbursements from the City’s general fund are limited to a maximum of $2 million total or 10 annual payments, whichever occurs first.

7. A third and fourth Costco-related item will fund natural gas infrastructure needed for the new store. A new gas line to serve the store is estimated to cost $1.2 million. A $400,000 portion of the cost of the gas line would be funded by the Georgetown Economic Development Corporation, which receives funding from a 0.125 percent sales tax revenue dedicated for economic development. The remainder of the line extension cost would be funded by Atmos Energy.

8. A fifth item related to Costco that was approved is the second and final reading of the proposed planned unit development zoning for the future store.

11/18/19 – From the City Docs, On 11/12/2019 the Planning and Zoning Commission held a public hearing and made a recommendation to the City Council to approve the PUD for the development of a Costco Wholesale membership warehouse facility including a Fuel Center, Tire Sales, Liquor Sales, Pharmacy and other components of a typical Costco Wholesale membership warehouse.

In addition, several out lots are created for future Commercial/Retail development. This was the first reading.

The second reading of the planned unit development zoning will be on the city’s Nov. 26 agenda.

“After rezoning, assuming it’s approved, there will be a long planning and permitting process and then, at COSTCO’s discretion, construction can begin.” ~Councilman Steve Fought

We will keep you posted.

You can see the site map and artists renderings below.

11/7/19 – From Costco’s Documents for the Meeting – “The purpose of this PUD is for the development of a Costco Wholesale membership warehouse facility including a Fuel Center, Tire Sales, Liquor Sales, Pharmacy and other components of a typical Costco Wholesale membership warehouse. In addition, several outlots are created for future Commercial/Retail development.”

More from Costco’s Documents for the Meeting – “Costco upon approval will develop a member’s only retail warehouse with approximately ±157,931 SF along with an attached tire center and both a liquor sales pod and Optical Exam pod area. In addition, a free standing 24 fueling position fueling facility will be developed on the Project Site. The Costco warehouse and fuel facility would employ approximately 200 to 250 people both full and part time. Currently the proposed PUD site plan consists of the proposed Costco Warehouse parcel as well as seven (7) outlots, two detention areas and two new roadways.”

August 2019 – Looks like there’s a Costco in the works for Georgetown!

The location under consideration is the 34 acres at the northwest corner of Lake-way and IH-35, just south of Holt Cat.

The City will be working with Costco Wholesale Group on the project and it will come before the city’s Planning and Zoning Commission soon.

August info From the Williamson County Sun

We’ll keep you posted!