The plan for the City's second Costco at 14th and Ashland has been in the works for quite some time. Talks surfaced again recently when the Sun-Times reported that the Department of Community Development was proposing a plan to incentivize Costco to move forward with the plan with a deal worth $1 million over 12 years in property tax incentives. On the flipside- the store would bring in an estimated $27 million in tax revenue.
Many Bridgeporters would love to have a Costco closer to home despite the fact that purchases would be subject to the loathsome Cook County/Chicago sales tax rate- one of the highest in the country. Current options present trekking up to the Clybourn/Diversey Store , Southwest to Bedford Park (beyond the Chicago Tax hump) or for an even better Tax bump - Out West to The Oakbrook store.
To read more visit: Daley proposing tax break to land second Costco for city- Sun-Times
I think that with the added cost (in time and money) of visiting Costco as far away aw Oakbrook has removed any advantages shopping at the store gives a member. First there's the annual membership fee, then there's the higher potential for wasting food (because you might buy more than you need), and other disadvantages.
ReplyDeleteCheck out this article about The Costco Effect: http://sittingprettyfinancially.blogspot.com/2007/01/costco-effect-more-than-impulse-buying.html