Warehouse retailer Costco has pulled its plans to build a store in Wasilla. The unexpected move comes after reports that the Issaquah-based...
WASILLA, Alaska — Warehouse retailer Costco has pulled its plans to build a store in Wasilla.
The unexpected move comes after reports that the Issaquah-based chain had officially filed an application to begin construction in the city.
City planner Jim Holycross said Monday that Costco withdrew its application without warning. “It’s a shock to me and probably to all of the people that want Costco,” he said.
Company representatives could not immediately be reached for comment.
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Holycross said Costco likely spent as much as $50,000 to put together its application. He said he expects reasons for the drop in plans to be submitted in writing sometime this week.
The site where Costco had planned to build is part of the Creekside Town Square development. Another developer that has decided against building there is Ashland, Ore.-based Coming Attractions Theatres.
CEO John Schweiger said it would have cost millions in site work to get a building pad and parking lot. “It became financially impossible,” he said.