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Friday, July 27, 2012

Costco financial incentives approved by New Orleans City Council | NOLAcom

The New Orleans City Council signed off Thursday on a package of financial incentives for the planned Costco big-box warehouse store in the Carrollton area. The incentives, which could total nearly $6 million, include both infrastructure improvements and tax breaks. The measures, which were strongly backed by Mayor Mitch Landrieu's administration, were approved 6-0. The membership-only facility will occupy the vacant 14.7-acre site of the former Carrollton Shopping Center, across South Carrollton Avenue from Xavier University. Like other Costco outlets nationwide, it will sell both general merchandise and food and will feature a pharmacy, tire center and gas station.

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