A major new development is slated to come to an intersection near Windsor in 2014 that could change the way you shop — for good.
Plans to construct a new 148,000-square-foot Costco complex are actively in the works in Timnath near an already-existing Walmart at the intersection of Harmony Road and Interstate 25. Company representatives recently revealed plans to the Timnath Planning Commission for the facility, which is set to include a 132,000-square-foot main building — about twice the size of Safeway in Windsor — along with a 5,700-square-foot tire service center, 4,000-square-foot liquor store and 1,300-square-foot food service area, according to planning documents.
That’s in addition to a 740-space parking lot and six additional lots for future development, all sandwiched between Swetsville Zoo and Harmony roads with the I-25 off-ramp to the west.
“It’s not only a good thing for Timnath,” said Mayor Jill Grossman-Belisle, “it’s a very great opportunity for the entire northern Colorado region in general.”
She, like many others, lauded Costco as a “responsible” retailer and employer. The new store, she said, is anticipated to bring between 110-150 new jobs with 75 percent of them offering full-time opportunities.
Plus, the average wage for a Costco employee ranges in many cases from $15-20 per hour, and the company sees a much lower employee turnover rate as well as high job satisfaction when compared to other big box retailers like Walmart and Sam’s Club, according to numerous other reports.
Costco had been working with communities across northern Colorado as many as five years ago, including Windsor. The town was actively working its way to the top of the location list at that time, but the deal got away from Windsor for unknown reasons, said Stacy Johnson, Windsor’s economic development manager.
“I was informed about a year ago that Costco had no plans of locating in northern Colorado because of the lack of population, as well as distance from competitors,” Johnson wrote in an email. “I’m not sure why we didn’t get the deal. There was no opportunity to try to acquire them again since I have been in this position, even though I tried several times in the last two-and-a-half years.”
Grossman-Belisle said the expanding region seems to have always wanted to have a Costco and added that discussions really accelerated during the past couple of years, specifically around the Timnath site. The allure of such a grand big-box store is massive. Northern Colorado residents looking to shop at Costco have had to make the trek south to Thornton, but this new location likely will draw residents from Colorado and even into Wyoming.
Revenues from the store are projected to range anywhere from $60 to $115 million annually, she said, meaning the small town with just more than 600 residents according to recent Census data could see hundreds of thousands of dollars in added sales tax from its new cash cow — money that would be put right back into the community infrastructure and amenities.
That’s in addition to the Walmart across the street, which also contributes thousands annually in sales tax revenue. Bringing in a competitor only stands to add to the “diversification” of sales tax revenue in town Grossman-Belisle said.
“We have a very busy time line,” she said, adding that the town intends to have the land ready to go on June 1, 2014 with a tentative grand opening date scheduled for Oct. 1, 2014. “It’s not just Timnath residents who will benefit, It’s really a good thing for everyone.”
A representative from Costco did not immediately return calls or emails requesting comment.