Friday, January 28, 2011

Costco may open in Summit County as part of hotel deal

Costco could be coming to Summit County. As part of a draft agreement signed Thursday, the military will add the giant retailer to its scaled-back commercial development plans south of Home Depot off U.S. Route 40.

The non-binding deal — which calls for Park City to buy land for open space and tax money to be used to discount hotel rooms for Department of Defense personnel and retirees — is years in the making. It will need the approval of the Summit County and Park City councils after public meetings scheduled for next month.

The Air Force initially wanted to build a 1.2 million-square-foot commercial development. But local business owners objected, saying the scale was too large and would harm their businesses.

Instead, the Military Installation Development Authority — created by the Legislature to aid the Air Force’s development plans — will build up to 350,000 square feet of commercial space on land owned by the city and county near Home Depot after purchasing it for $1.5 million. Park City will buy land owned by the Air Force along Route 248 and U.S. 40 for $2 million. Salt Lake Tribune