Poll: Should Dallas Pay Costco For a Store?

Is $3 million really the cost of doing business with the retailer?

Presumably the parking lot  of the proposed North Dallas Costco will usually be fuller of cars than this.  (Photo: Wikicommons)
Presumably the parking lot of the proposed North Dallas Costco will usually be fuller of cars than this. (Photo: Wikicommons)

Tomorrow the Dallas City Council will consider giving $3 million to Costco in exchange for the store setting up shop — and bringing about 175 jobs — to a tract of land along Coit Road near the interchange between LBJ Freeway and Central Expressway.

The Economic Development Committee last week signed off on the payments to be made from the city’s Public/Private Partnership Funds. Some on the council question whether a multibillion-dollar company really needs this sort of government handout in order to make its business in the city viable.

What do you think?



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Comments

  • Mavdog

    It seems this incentive package for Costco equates to about a 6 year rebate for the sales taxes the store would have paid to the City. The store will still pay about $100,000 or so to the city in property taxes. The employee wages Costco has agreed to pay, while no different then what they normally pay, are good living wages. Costco has wanted to be inside the loop since first coming to Texas, and by locating on this specific tract they are adding value to what was otherwise a not so valuable property.
    I vote yea.

  • Mike

    Costco has done their research and knows that they want that location. They will go ahead and build regardless of whether or not they receive the 3 million bribe. Hopefully for a change, our council will start growing cajones and tell them NO.

  • dallasmay

    My biggest issue with the Costco is that their site plan sucks. I mean, for goodness sakes, at least structure the parking. We don’t need a multi-acre moonscape in this city. If they used the city’s funds to structure their parking and make better use of the remaining land I would be for it.

  • Amy S

    The surrounding neighborhoods are for it. How often does that happen? It’s really a ugly cow of a location, and has been since before the High 5 was built, yet weirdly accessible via Central and LBJ. And given the generosity of the city to give incentive $$$ out, any development there would probably hold out for something-something, yes?

  • Raymond M. Crawford

    LOL! Would love to see how many City Hall based internet addresses are coming into the DMagazine server.

    • Patricia Carson Clarke

      I’d love to see how many Dallas residents are in the Yes column. We sure do see, to pay for a lot of stuff used by suburbanites.

  • John Franklin Guild

    The political pressure exists almost entirely for the same reason that a Costco would be profitable without any city subsidy, because so many people here want it. Costco is playing the same game as professional sports clubs, just on a smaller scale. It doesn’t need incentives, but is using political pressure and the threat of taking its business to a city across the street to extract government subsidies to increase its already substantial profits. A race to the bottom ensues and the burden falls on smaller businesses that can’t make similar demands.

  • KeepOurFreedoms

    Don’t take my Oak Cliff taxes to pay for it.