Costco seeks potential expansion
March 19, 2013
By Peter Clark
Costco approached the city’s Land and Shore Committee with an expansion agreement during its March 12 meeting.
Far from any potential action, Costco executives said they felt that they had outgrown their current development restrictions and brought the beginnings of an agreement for the committee’s consideration.
With Issaquah invested in Costco’s interests, the company was invited and active on the commission that brought together the Central Issaquah Plan last year, and it is under those standards the company wishes to expand its global headquarters.
The master plan is one that could fluctuate greatly, as the city’s final design standards for the future have yet to have been approved by the council.
Though the letter sent to City Administrator Bob Harrison and City Economic Development Director Keith Niven from Costco Vice President and General Counsel Richard Olin did not contain specifics about the desired expansion, it asked for a rezone of the property to be labeled as part of an Urban Village district.
As to the size of the company’s anticipated growth, the letter stated, “At a minimum, we envision that the Development Agreement would address land use processes, traffic concurrency, mitigation requirements, and vesting. The goal of the agreement would be to create a cooperative framework that would provide the City and Costco with certainty regarding future development.”
Niven said that officials had expected Costco to ask for a new agreement.
“It became clear to us that they had their sights on expanding a few years ago,” he said. “We heard that message.”
The Land and Shore Committee ended the agenda item by recommending the city government move forward with a potential expansion agreement with Costco, to be discussed at the council’s April 1 meeting, held in the Council Chambers at 135 E. Sunset Way.