Cape Coral's First Costco Goes Before the City Council Monday, With a $10 Million Incentive Package on the Table

Cape Coral is slated to get its first Costco, and the deal reaches the City Council on Monday, November 2. The warehouse is planned for 600 Chiquita Boulevard South, at the northwest corner of Pine Island Road and Chiquita Boulevard, and would include an approximately 165,000-square-foot warehouse and a members-only gas station, the city announced on Tuesday, October 27, according to the News-Press.

Monday's question is the incentive package. Resolution 302-26 is a $10 million incentive agreement tied to the development and operation of the facility: an Enhanced Property Value Recapture Grant of up to $8 million, reimbursement of impact fees up to $1.8 million, and deferral of utility impact fees up to $200,000, according to the Cape Coral Breeze's agenda reporting. The city's Economic and Business Development Office began outreach in 2024 after sustained public interest in bringing Costco to the city, and discussions on the Chiquita Boulevard site have continued since February 2026; agenda documents say Costco identified significant site development costs and requested assistance.

City Manager Michael Ilczyszyn said the project would bring employment while giving residents an alternative to traveling to Fort Myers to shop at Costco, and Council member Jennifer Nelson-Lastra put the jobs figure at about 300, according to the News-Press. The site sits just east of the planned $700 million Cape Coral Grove town center between Chiquita Boulevard and Burnt Store Road.

No opening date has been announced, and the schedule depends on Costco's construction timeline; once physical warehouse construction begins, a new Costco typically takes about 110 days — roughly three and a half to four months — to build and open. Monday's council vote decides whether the incentive deal, and with it the city's partnership on the project, moves forward.