Business & Tech
Niles To Save Costco Store And $1.8 Million In Revenue
When Costco told Niles it was looking at relocating the store, the village worked to keep it in Niles.
Last June, when Niles' Economic Development Specialist, Ross Klicker, was making the rounds of Niles businesses, the management of Niles' Costco store told him they were thinking about relocating.
"They said it's the only Costco in Illinois that doesn't have gas pumps," Klicker said Friday.
Mayor Andrew Przybylo mentioned the issue at the Niles Chamber of Commerce and Industry's Leadership Luncheon Nov. 21, vowing to save Niles' Costco and the $1.8 million in sales tax revenue it provides the village.
The issue is important, because that $1.8 million translates to 7.5 percent of the total $24 million sales tax revenue the village takes in from all stores' retail sales.
Costco is the largest single source of sales tax revenue in Niles. Golf Mill also contributes heavily to the coffers, but revenue is calculated individually by store.
The village has worked to provide Costco what it needs, however, and plans for gas pumps on or near Costco's Touhy and Melvina location have been drawn up.
The plans will be making an appearance at a village board meeting in the near future.
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