Costco is coming to Irondale. Pictured is a Costco storefront in Hoover, Alabama. — Most Costco customers in Birmingham shop at the Hoover location, but soon, there will be another option to choose from. (Pat Byington / Bham Now)

Big news for Irondale: Alabama’s sixth Costco is coming. This project will represent the most significant economic development in the city since the creation of the Irondale Luxury Automall.

Here are some of the numbers, according to the City of Irondale:

$105 million projected investment
152,000 square-foot warehouse
$70 million in potential performance-based incentives from Costco
200-300 new jobs
$6 million to $8 million per year in new sales tax revenue
88% rebate cap on non-educational city sales tax
One self-service gas station

Mayor James D. Stewart Jr. said the Costco announcement symbolizes a “stronger, more vibrant future for residents.” During a special called Tuesday, July 29 meeting of the Irondale City Council, the mayor’s announcement brought out elated applause from a packed-to-the-brim chamber.

“This is a defining moment for our city. Costco’s arrival shows that Irondale is open for business, ready for growth, and serious about attracting high-quality development.

This project will not only create hundreds of jobs and generate millions in new revenue, but it also signals to other top-tier businesses that Irondale is a place where they can thrive.”
Irondale Mayor James D. Stewart Jr.

The development is located at 4514 Grants Mill Trail and totals 18 acres. The Irondale City Council voted unanimously to purchase the land at the Tuesday meeting.

Mayor Stewart said there is not yet an estimated timeline for the project.

The city says the project will “revitalize underutilized land, expand the city’s tax base and create high-paying jobs” for the community.

Costco is among large companies known for their higher-than-average wages and employee benefits. Earlier this year, Fortune reported that Costco increased its minimum wage to $20 per hour and its average wage to more than $31 an hour in the US and Canada.

“It is a powerful sign of economic growth and prosperity—boosting Irondale’s financial strength without raising taxes or affecting essential services.”
City of Irondale, July 29 release

Irondale’s Costco will join five others in Alabama, located in Hoover, Huntsville, Mobile, Montgomery and Madison. Irondale will be the smallest city among these with a population of around 13,500.

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