A Costco in Catoosa County, Ga., could bring local governments and schools nearly $3.5 million annually in sales tax, based on revenue figures.
While most officials remain mum on the name of the county’s potential suitor for “Project Hilltop,” a source confirmed Wednesday that Costco Wholesale had been discussed as the targeted company.
City and county leaders say they still are in negotiations with the unnamed company and hope to have a signed contract next week.
Requests for information made to company representatives Thursday went unanswered, but a 2005 Food Institute Report stated the average Costco store posts $115 million in average annual sales.
That figure multiplied by Catoosa County’s 3 percent local sales tax on goods including groceries comes to $3.45 million, which would be shared among the county, Ringgold, Fort Oglethorpe and the county school system.