Near West Side Costco breaking ground this month
Store had rocky negotiations with land owner
08/03/2011 4:12 PM
A Costco planned for the Near West Side at 14th Street and Ashland Avenue is getting ready to break ground this month, according to Ald. Bob Fioretti (2nd).
The project has had a tumultuous ride to get to this point, Fioretti said. Lease negotiations between Costco and the Illinois Medical District (a state-controlled body that owns the Costco site) were rocky, but a deal was reached earlier this year.
“When negotiations began in earnest, the medical district wanted to make 982 changes to the lease — and I called the governor to intervene on it,” Fioretti said. “The governor’s office was very eager to assist. They understood what it meant to have almost 250 permanent jobs.”
The contract’s been signed at this point, Fioretti said, and Costco should be able to work by their original timeline — with the intent of opening the new store by July of next year.
“Costco works on a tight timeline,” Fioretti said. "They’re under a tight time frame, and they want this building to open.”