Loveland City Council to Consider Costco Business Assistance Pact

The proposed agreement aims to bring a new Costco store to the Centerra development in east Loveland.

Published on Feb. 16, 2026

Got story updates? Submit your updates here. ›

The Loveland City Council is set to consider a business-assistance agreement that could pave the way for a new Costco store to be built in the Centerra development in east Loveland. The agreement, if approved, would provide financial incentives and other support to help facilitate the big-box retailer's arrival in the city.

Why it matters

Costco's potential arrival in Loveland would be a significant economic development for the city, bringing new jobs, tax revenue, and increased shopping options for residents. However, the use of public funds to assist a large corporation has raised some concerns about the fairness and long-term impacts of such agreements.

The details

Under the proposed agreement, the city would provide Costco with various forms of assistance, including tax rebates, infrastructure improvements, and other financial incentives. The goal is to make the Centerra location an attractive option for the retailer and facilitate its expansion into the Loveland market.

  • The Loveland City Council is scheduled to vote on the business-assistance agreement at its regular meeting on Tuesday, February 18, 2026.

The players

Loveland City Council

The governing body of the City of Loveland, Colorado, responsible for approving the proposed business-assistance agreement with Costco.

Costco

A major big-box membership retailer that is considering opening a new store in the Centerra development in Loveland, Colorado.

Centerra

A large mixed-use development in east Loveland, Colorado, where the proposed Costco store would be located.

Got photos? Submit your photos here. ›

What’s next

If the Loveland City Council approves the business-assistance agreement, Costco will likely move forward with its plans to open a new store in the Centerra development. The city will then need to work with Costco to implement the terms of the agreement, including any necessary infrastructure improvements or financial incentives.

The takeaway

The potential arrival of Costco in Loveland highlights the ongoing debate around the use of public funds to support private businesses. While the agreement could bring economic benefits to the city, it also raises questions about the fairness and long-term impacts of such arrangements, particularly for smaller, locally-owned businesses.