Along Pinnacle Parkway in Covington, Costco Wholesale intends to develop a second site serving the greater New Orleans area.
Masingill and Mike Cooper, president of St. Tammany Parish, stated that the Nord-du-Lac commercial park was the intended recipient of the $45.8 million project.
Create 75 full-time jobs and 75 part-time positions eventually.
Over the following ten years, generate an estimated $60 million in increased sales tax and property tax revenue for the parish.
When construction on the 159,000 square foot warehouse store would start and when it will open were both unknowns.
According to Masingill, Costco typically opens new sites roughly six months after the start of construction and groundbreaking.
According to the release, market research has revealed that new Costco stores typically draw customers from a 60-mile radius.
He made particular notice of the fact that costs for proteins (chicken, beef, and fish) have somewhat decreased, which has reduced the number of clients trading up.