Costco seeking more city money for Longmont project
LONGMONT — Initial cost estimates for the new Costco Wholesale Corp. (Nasdaq: COST) warehouse store in Longmont — a public-private partnership between the city, Costco and a private landowner — missed the mark, and the company is seeking nearly $2.5 million in additional public funding.
Costco had estimated the public funding and fee rebates necessary for the project at around $12.5 million and now expects that need to exceed $15 million.
The difference, should the Longmont City Council opt to provide it on Tuesday, would be made up through a combination of American Rescue Project Act funds and sales tax revenue…
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