Costco financial incentives approved by New Orleans City Council

New Orleans -- New Orleans has rolled out the red carpet in order to assure the first Costco location in the state.



The city council on Thursday unanimously approved nearly $6 million in financial incentives for a planned Costco in the New Orleans suburb of Carrollton.



The $45 million, 148,000-sq.-ft. Costco marks the warehouse club operator’s state debut, to reportedly be followed by a second in the capital city of Baton Rouge.



The New Orleans store is slated to open late summer 2013.