Construction On New Costco Is Underway In Owasso

Construction of a new Costco just south of Owasso is underway.

The huge footprint for the new Costco is taking shape just off 46th Street North and Highway 169. As part of a Retail Incentive Program, the City of Tulsa has agreed to provide up to $3.9 million in economic incentives for the new 200,000-square-foot building, which will help with infrastructure improvements in the area.

The city says after a year of operation, the incentive program will return 20 percent of the unobligated sales tax to the company every year for 15 years or until the total reaches $3.9 million, whichever happens first.

The agreement also stipulates that Costco must create 125 jobs, hold at least one workforce recruiting event before opening the facility, and partner with the local food bank to donate excess food.

The facility is scheduled for completion in May.