Is City Council Planning to Give Taxpayer $ to Costco?

It is being reported in the Sunday edition of the Wilco Sun that Costco is negotiating to build a store at the intersection of I35 and Lakeway, next to Holt Caterpillar.

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It is also being reported that the City may give sales tax rebates for up to 15 years.

Why would a small city like Georgetown give a corporation with annual revenue of $141.58 Billion and $3.13 Billion in annual profit, sales tax rebates? Should the taxpayers of Georgetown be subsidizing this multi-billion dollar corporation for a few hundred warehouse jobs?

One can only imagine the increased traffic this store will bring from 25 or more miles around. I am sure the surrounding neighborhoods will just love paying sales tax rebates, more for infrastructure and increased traffic congestion!