Costco Begins Site Work Development in Georgetown, TX (2026)

The new Costco location is expected to create 235 new jobs and have a net benefit of over $11 million for the city over 10 years.

Apr. 11, 2026 at 3:22pm

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A high-end, photorealistic studio still-life photograph featuring a polished, geometric Costco shopping cart made of brushed metal and glass, floating elegantly on a clean, monochromatic seamless background. The cart is illuminated with dramatic studio lighting, casting deep shadows to symbolize the strategic business decisions and financial impact behind Costco's expansion.Costco's strategic expansion into Georgetown, Texas will bring new economic opportunities and shopping options to the growing city.Georgetown Today

Costco has officially begun site work development on their new Georgetown, TX location. The 158,000 square-foot store is expected to open within the next five years and will be located at the northwest corner of Interstate 35 and Lakeway Drive. The new Costco is anticipated to increase the proportion of purchases by Georgetown residents and reduce the city's retail leakage to nearby areas.

Why it matters

The Costco store in Georgetown is expected to provide a significant sales and property tax benefit to the city, which will help fund important services like public safety, the library, and parks and recreation. It will also increase shopping options for Georgetown residents and attract shoppers from northern communities outside the Austin metro region.

The details

Agreements related to the planned Costco store were approved by the Georgetown City Council in December 2019. The city will reimburse up to $2 million for two public roads for the Costco project, and provide a sales tax reimbursement of 50% annually for up to $2 million total or 10 years, whichever comes first. Costco will invest a minimum of $20 million in capital costs for the facility and public improvements.

  • In December 2019, the Georgetown City Council approved agreements related to the planned Costco store.
  • Costco is expected to open the new 158,000 square-foot store within the next five years.

The players

Costco Wholesale

An American membership warehouse club that provides a wide selection of merchandise and offers low prices on bulk items.

Georgetown City Council

The governing body of the city of Georgetown, Texas that approved the agreements for the new Costco store.

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What they’re saying

“'This Costco store in Georgetown will provide a significant sales and property tax benefit to the City, which will help to fund City services such as public safety, the library, and parks and recreation. In addition, this store will increase our options and allow us to make more of our purchases here in Georgetown. Costco's reputation as a quality employer means they will be providing good jobs for their employees, many of whom will be hired locally. This is a big economic development win for our community, and we look forward to welcoming Costco to Georgetown.'”

— Mayor Dale Ross, Mayor of Georgetown, Texas

What’s next

The city is waiting for Costco to schedule a pre-construction meeting with city staff before the company can apply for a building permit and begin construction.

The takeaway

The new Costco store in Georgetown represents a significant economic development win for the city, providing a boost in tax revenue, new jobs, and increased shopping options for residents. It highlights Georgetown's efforts to attract major retailers and diversify its local economy.