Cape Coral council approves $10 million incentive deal for first Costco
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Cape Coral City Council on Monday, Nov. 2, approved an incentive package worth up to $10 million for the city's first Costco, planned at 600 Chiquita Boulevard South. As proposed, it includes up to $8 million in property tax recapture over as long as 25 years, up to $1.8 million in impact fee reimbursements and deferral of up to $200,000 in utility fees, with Costco adding turn lanes and a traffic signal on Chiquita. No opening date has been announced.
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Also reported by: WINK News, City of Cape Coral
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