A sixth California City Costco location is getting closer to reality, and not everyone is happy
Fitz-Gerald Group principal Keith Fitz-Gerald highlights shares of Costco, Palantir and Lockheed Martin ahead of the market open.
A record sixth Costco location is one step closer to coming to the Bay Area city soon, and not everyone is happy about it.
The San Jose Planning Commission voted unanimously Wednesday to approve an environmental impact report on the proposed warehouse, the San José Spotlight reports, setting up the city council to consider approving it on October 22.
The proposed site is adjacent to Prospect High School, which has a population of more than 1,600 students and staff, according to the school’s website. Residents who live nearby object to the warehouse because of traffic and increased noise pollution, the Spotlight reports.
“We’ve seen Costcos make huge improvements to the community infrastructure around them because of the problems it’s going to create, and we’ve never seen San Jose talk about doing the same,” said Marc Pawliger, founder of the grassroots group Save West. Valley, he told the San José Spotlight. “There doesn’t seem to be much of an effort between Costco and the city to mitigate or improve.”
COSTCO RELEASES GAME-CHANGING NEW FEATURE IN MANAGEMENT OPERATING SYSTEM
If approved, San Jose’s new Costco will be located near Prospect High School, as seen on this location map. (Google Maps / Google Maps)
“This place is not appropriate,” said Julie Reynolds, president of the Parent Teacher Student Association, according to the Spotlight. “It’s less than 50 meters from long-standing housing, near several parks, across from assisted living facilities and 1,000 meters from a high school.”
Although city officials did not immediately respond to FOX Business’ request for comment, Planning Commissioner Pierluigi Oliverio has expressed his support for the project, which is expected to bring 250 to 300 jobs to San Jose and generate $2 million in annual tax revenue, according to San. José Spotlight.
“If we have an opportunity where there is a commercial development that brings money to the city, we must approve it,” he said. “At the end of the day, there’s a tsunami of general planning and the needs of the city for economic development to make this happen.”
COSTCO’S NEW STORE WILL FACE AN EXTREME CHALLENGE DUE TO ‘HOLY’ LAWS BACK IN THE HUNDREDS.
A 165,000-square-foot Costco will replace vacant stores in the mall, the San José Spotlight reports. (Google Maps / Google Maps)
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| COSTS | Costco Wholesale Corp. | 885.62 | -15.82 |
-1.75% |
Costco did not immediately respond to FOX Business’ request for comment on the facility that Spotlight says will cost about $60 million to develop.
If the proposed location passes, it would make San Jose the city with the most Costcos in the US, according to SFGATE.
Customers enter a Costco Wholesale Corp. grocery store. in Hawthorne, California, on June 12, 2024. (Patrick T. Fallon/AFP via Getty Images/Getty Images)
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The location will be the first US location to offer rooftop parking, Costco told Spotlight.
The 165,000-square-foot warehouse will occupy space currently home to a Goodwill store, Ethan Allen Furniture Company, Bikram Yoga San Jose, and the former Smart & Final and Orchard Supply Hardware building, a local source said. All of these will be demolished to make way for Costco.
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