City Council - 2026-02-17
Approves Business Assistance Agreement for Costco at Parcel 504, 8-1 (Rothberg opposed)
What happened
The Loveland City Council approved a major business assistance agreement with Real Berry (formerly McWinney) to bring a Costco to Parcel 504 at US 34 and Centerra Parkway, with a 1.25% sales tax share capped at 25 years and $25 million in bond proceeds.
- Jurisdiction
- Loveland, CO
- Governing body
- Final authority
- Date
- February 17, 2026
- Decisions
- 5 zoning decisions
- Outcome
- Approved, 8-1 (Rothberg opposed)
Meeting Summary
The Loveland City Council approved a major business assistance agreement with Real Berry (formerly McWinney) to bring a Costco to Parcel 504 at US 34 and Centerra Parkway, with a 1.25% sales tax share capped at 25 years and $25 million in bond proceeds.
Key Decisions (5)
Business Assistance Agreement for Costco at Parcel 504
City Manager Compensation Increase
City Attorney Compensation Increase
Development Activity (2)
Costco at Parcel 504
Commercial
1800 Cascade Avenue Apartments
Residential
Market Signals (4)
Commercial Demand
Costco identified Northern Colorado as a growth market with 35,000…
Housing Demand
Residents expressed concerns about rapid residential development along Cascade Avenue…
Infrastructure
City acknowledged $4.5 million annual capital improvement budget is insufficient…
Sentiment
Multiple residents expressed distrust regarding transparency in city dealings with…
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