City Council Releases Details On Future Costco In OKC

<p>Tuesday, the City voted to enter into negotiations with the world's second largest retailer. </p>

Tuesday, February 27th 2018, 7:51 pm

By: Karl Torp

Video Player is loading.

Current Time 0:00

Duration 0:00

Loaded: 0%

Stream Type LIVE

Remaining Time 0:00

City Council Releases Details On Future Costco In OKC

Tuesday, the City voted to enter into negotiations with the world's second largest retailer. One big part of the agreement has already been made.

Costco will receive a $3-million tax rebate, which the City expects to get back in four to five years.

Costco expects to hire 150-200 people. The average hourly wage is 23 dollars. Full-time cashiers make $54,000 after five years.

A grand opening is set for sometime in spring of 2019.

Karl Torp

Karl Torp is an award-winning journalist who’s been part of the News 9 team since 2012. He co-anchors the 4 p.m., 5 p.m., 6 p.m. and 10 p.m. newscasts on weekdays. Karl loves telling Oklahoma’s unique stories, and he’s also a huge sports junkie. He loves to think of trades that would help the Oklahoma City Thunder win a World Championship (despite knowing little to nothing about salary caps and luxury taxes).