The much-anticipated announcement for which store will be built at the old Lynnwood High School site has been made.
It looks like Lynnwood will be getting another Costco.
Lynnwood Crossing is in talks with Costco Wholesale to occupy approximately 160,000 square feet of the future mixed-use development.
The talks are conditional and based on specific required permitting and rezoning. If all conditions are met, Costco could open within two years. The existing smaller business Costco, located on Highway 99, will remain.
Lynnwood Crossing will be a mixed-use development with stores and restaurants.
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What! I thought it was gonna be an IKEA. Oh well.
I would absolutely prefer an Ikea.
I think that they should build a 2 story box store with the Costco on the ground floor and an Ikea upstairs that way the city gets even more sales tax revenue.
So much for the city planning department.
It will be nice to have a full Costco and the many services they provide in the Mall area. They are said to be a good employer and are, or course, local. I understand that a road similar to the road that went through the High School will be cut through to offset some of the traffic. For what I was told, it will connect 184th St. S.W. to Alderwood Parkway much as the old limited access road for the High School. That will help some with the traffic jams. Having a Costco will also provide fuel services which I think are short around the mall.
Of course, one needed benefit will be the sales tax revenue that will be generated. I just hope the city council and the mayor’s office are not wanting to spend the sales tax revenue BEFORE it comes in. Just saying…
Are you kidding me Sid? They have already spent the money, it is called budget forecasting and the day this hits the news folks in the finance department waste no time in factoring the additional revenue into their plans.
There is a Costco 15 minutes north and south of Lynnwood, not to mention that Business Costco on 99. This is what the business people call “canibalism”. Costco is only saturating their own customerbase. They are not going to get new customers. I think this is a bad move by Costco. AS a consumer, I personally don’t mind. Now my drive to Costco is 5 minutes vs 15 minutes.
There are 3 Costcos within 15 minutes of that location. Only thing they’ll accomplish is take customers from the existing Costco locations. This is a bad move by Costco but as a consumer, my drive time is cut in 3rd. And as Sid pointed out, Lynnwood benefits from the sales tax.
Darn, I wanted IKEA, too.