Regina council to consider $6.8M incentive for Costco to build 2nd location in city limits
Global News
Regina City Council is set to consider a new business incentive proposal, which would compensate Costco to build a second location within city limits.
Talks of a second Costco in the Queen City have been ongoing for years, and Regina city council is hoping to nail down the wholesale store to build within city limits.
The big box retailer had previously secured land in the Westerra neighborhood in the city’s west end to build its next store, but development costs swayed them to release the site and look elsewhere.
A report to city council indicates the alternative site would provide limited economic and community benefit to the City of Regina, which in turn has them looking to entice Costco back.
The Business Incentive Proposal, which is being presented to council on Wednesday, May 7, would provide Costco with the transfer of $6,780,000 to develop and open the store at 8701 Dewdney Ave. at a reduced land cost from the developer Forster Harvard Development Corp.
The funds would come from the Regina’s Land Development Reserve (LDR) and would be re-paid to the LDR over seven to eight years through commercial property taxes collected on the Costco parcel at 8701 Dewdney Ave. and the adjacent development at 8201 Dewdney Ave.
Key terms outlined in the proposal include Costco’s obligation to purchase the land at 8701 Dewdney Avenue prior to Dec. 31, 2025, which may be extended to Dec. 31, 2026, and complete construction and open the store within 48 months of acquisition.
The city is also entitled to reimbursement if Costco does not satisfy its obligations within the established timelines.
Benefits highlighted in the report, if approved, could provide both shopping and employment opportunities, stimulate commercial investment and residential growth, and increase viability for the adjacent land holdings owned by Zagime Anishinabek First Nation and Keeseekoose First Nation.
B.C. Conservatives' interim leader Trevor Halford says he believes the party's leadership race will unify its members and give the party a new vision.
Elections Alberta has approved the proposed referendum question, 'Do you agree that the province of Alberta should cease to be a part of Canada to become an independent state?'
Quebec's police watchdog says Nunavik officers exchanged gunshots with an individual outside a home after they were called about a person who allegedly posed a danger to others.
Calgary Sports and Entertainment Corporation said it's planning to open an experience centre in the new year for fans to get a behind-the-scenes look at Scotia Place.
Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration.
The rate of flu hospitalization in Canada has nearly doubled compared to the previous week of available data, with infections now up almost 30 per cent, Health Canada data shows.
Mark Wiseman will take over as Canada's ambassador in Washington, D.C. on Feb. 15, 2026, Prime Minister Mark Carney’s office said in a statement.
Loto-Québec says the $1-million prize for a Lotto 6/49 winning ticket is still unclaimed, and time is running out.
Crosby broke Lemieux’s franchise scoring record with a goal and an assist in the first period of the Penguins’ 4-3 shootout win against the Canadiens on Sunday night.
Experts warned this saving grace for the economy is at risk in 2026 as North American trade officials prepare for a review of the Canada-U.S.-Mexico agreement, or CUSMA.
Ontario's police watchdog agency says it is investigating the circumstances of a 58-year-old woman's death in Toronto after it says she fell from a hotel balcony.
Differential pricing refers to a practice where people can be charged different prices for the same grocery product from the same store.
The Parole Board of Canada ruled Said Namouh was not ready for parole.