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Loveland Takes Key Step Toward Costco
Loveland will share 1.25% of its 3% sales tax from new Costco revenues for 25 years to support $22.4 million infrastructure costs, expecting up to $125 million in total returns.
Summary by 9NEWS Denver
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3 Articles
Loveland City Council approves Costco deal
Costco is officially headed to Loveland. In an 8–1 vote Tuesday, the City Council approved a long-debated business assistance agreement with developer Realberry that clears the way for a 160,000-square-foot warehouse at U.S. 34 and Centerra Parkway, in exchange for a 25-year tax-sharing arrangement and a $13 million roadway project. “The only way we grow our general fund is to grow the taxes we get, and the only way to do that is to bring busine…
·Berthoud, United States
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Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
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