Brea residents push back on city’s deal for developer’s planned Costco
A controversial incentive package meant to bring a Costco location to Brea is drawing mounting scrutiny, with residents accusing city leaders of cutting an unusually generous deal behind closed doors that would funnel most of the project’s sales tax revenue to the developer for decades. The city approved a 50-year tax-sharing agreement with developer Dwight Manley to support a planned Costco and gas station on the 34-acre former Beckman Coulter campus at 250 South Kraemer Boulevard, Voice of OC reported. Under the agreement, approved late last year, Brea’s general fund receives no discretionary sales tax revenue during the first two […]This article originally appeared on The Real Deal. Click here to read the full story.
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