More than 250 new jobs are set to be created and millions of dollars will potentially be injected into Lake Macquarie each year after the approval of a Costco store in the city’s north west.
The Hunter Regional Planning Panel gave the green light for the construction of the landmark 14,000 square metre warehouse and fuel station.
Mayor Kay Fraser said Lake Macquarie City Council was looking forward to the site’s opening in mid-2021.
“It’s a wonderful investment in our community, particularly as the first regional store in NSW outside of Greater Sydney,” she said.
“The potential of this area is incredible and it’s the next significant step in realising the countless benefits for jobs, our local economy, lifestyle, and businesses.
“The $49 million Costco development will continue to spur significant growth in Lake Macquarie city.
“We look forward to working with other businesses that want to take advantage of the North West Lake Macquarie catalyst area’s potential as the transformation of Glendale, Cardiff, Boolaroo and surrounds into a thriving economic and employment hub continues.”
The council is also assessing housing development applications for 330 lots for the nearby Weemala at the lake subdivision.
These dwellings will be home to about 2,000 new Lake Macquarie residents and working families, who are taking advantage of the site’s close proximity to the natural environment, community facilities, and employment opportunities.