Paulding County offering deal to encourage Costco to finalize store site purchase

[LPPT]

Paulding County offering deal to encourage Costco to finalize store site purchase.

 

Paulding County will spend a half-million dollars to help develop the future site of big-box retailer Costco as part of the government’s effort to encourage the retailer to build a new store near Dallas.

The Paulding County Board of Commissioners voted Tuesday, Oct. 22, for development agreements with Costco and a Woodstock-based company from which the retailer is nearing a purchase of 21 acres on Ga. Hwy. 120, also known as Charles Hardy Parkway, in Dallas.

 

The county’s contribution to the project will be taken from its budget reserves and total about $510,000 for road and sewer system improvements and installation of traffic signal equipment, officials said.

It will not be done if Costco does not complete the purchase it has been negotiating with Woodstock-based 1260 Airport Drive LLC since 2018, the agreements stated.

According to the county’s development agreement, 1260 Airport Drive has the planned store site “under contract” with Costco — which typically means the seller has accepted the buyer’s offer but the sale is not yet completed.

 

[Caped Crusader]

would be really really nice to be able to go COSTCO-ING in Paulding

[oneijack]

So what is going on with this? Anybody got any info if it is a done deal yet?