St. Tammany Parish shall soon be the recipients of a Costco location in Covington in the Nord du Lac shopping center off of Pinnacle Parkway. The location will be in “good company,” surrounded by such stores as Koh’s Department Store and Academy Sports + Outdoors, as well as the restaurants of Olive Garden, Texas Roadhouse, and Saltgrass Steak House.
This well-know area and location will be convenient to residents of Covington and Madisonville in the expansive shopping area off of Highway 21. The investment of approximately $48.5 million for the 159,000 square-foot store will add to many other profitable developments that have sprung up in the area in the last few years. Land clearing has begun for the project, which could take up to 16 months to finish
construction.
According to a press release from St. Tammany Corporation, 75 new, full-time jobs with average salaries of $59,000 will be available once the store has opened, and there will also be 75 part-time jobs. The traffic to this new, big-box store in St. Tammany Parish is expected to produce approximately $60 million in sales and property taxes over the next 10 years.
Additional lanes on Interstate 12 have been completed, and construction on the “loop” that crosses over I-12 (Pinnacle Parkway) shall help with the new traffic that this new shopping area will produce.
“We are incredibly excited to see that construction is beginning on the new Costco on Pinnacle Parkway in Covington. We look forward to this great family-first company opening their doors, which will bring dozens of jobs and sales tax revenue to St. Tammany Parish,” St. Tammany Parish President Mike Cooper said.
