Costco to bring huge economic boost to Lake Macquarie
31st July 2020
Hundreds of jobs and more than $300m in local economic activity will be created by today’s announcement regarding Costco and Green Capital at Cockle Creek, Member for Lake Macquarie Greg Piper said.
“It’s almost 20 years since the Pasminco smelter was closed, and after years of site remediation, years of stalemate and years of perseverance by a number of people and organisations, we are finally seeing this area moving ahead,” Mr Piper said.
“Retail giant Costco will today lodge a development application with Lake Macquarie City Council to build its first wholesale outlet in regional NSW on a 6.8-hectare site it now owns at Cockle Creek.
“Green Capital, which has purchased 55 hectares, will lodge plans for 500 new homes.
“The Costco project will create hundreds of jobs during construction and more than 200 full-time jobs once opened, while Green Capital’s project will create about 400 full-time jobs during construction.
“These are very significant developments that could not come at a better time for the Lake Macquarie economy.
“The journey to this point has not been easy but I thank Costco and Green Capital for staying with the project and seeing the benefits of investing in our community.
“I also thank State Property Minister Melinda Pavey for her decisive leadership with this along with the NSW Parliament who stepped up to support the community by unanimously passing legislation last year which helped to break the stalemate on this site to get things moving.
“Pending council approvals, we could see Costco opening its doors here by Christmas next year, and I know that will be very big news to a lot of local people, but these developments will also help drive further investment in the local area and bring more jobs, more people and more investment to the area at a time when we really need them.