Funding
Bibb Commissioners Approve $30 Million Bond for Future Costco in Macon
By News Desk ·
Key takeaways
- Bibb County commissioners unanimously approved a $30 million bond agreement for road and traffic infrastructure for a future Costco in Macon.
- The Macon-Bibb Industrial Authority signed off on revenue bonds of up to $90 million and granted Costco a $60 million bond for construction costs.
- Mayor Lester Miller expects the store to bring nearly 300 jobs, with county bond payments not due until a year after the store opens.
Bibb County commissioners unanimously approved a $30 million bond agreement on October 20, 2026, to fund road and traffic infrastructure for a future Costco in Macon. The Yahoo report said the county will repay the bond with sales tax generated from Costco and payments from the store.
Bibb County's $30 Million Bond Vote
Earlier in October 2026, the Macon-Bibb Industrial Authority signed off on revenue bonds for up to $90 million to fund the project. Commissioners agreed to take $30 million of those bonds for road and traffic infrastructure in Macon. The industrial authority also agreed to grant Costco a $60 million bond to help cover some construction costs, which Costco will fully pay back.
Mayor Lester Miller said the Bibb County School Board will also receive a portion of the payments. "Anytime you have a large project of this scale with a company like Costco, it's a big deal," Miller said. He expects Costco to bring nearly 300 jobs to the site and to draw visitors from across the state.
William Bennett, who provides municipal financial consulting across the state, said revenue bonds like these are common and are typically used to draw businesses to cities and counties. "It looks like a lot of money put out there, but when you look at the amount of money that's going to come back into Macon-Bibb as well as the jobs," Bennett said. He said the bonds are an investment that typically pays off with industries like Costco.
Costco's Warehouse Network and Sales
Costco operates 931 warehouses globally, including 639 in the United States, 115 in Canada and 177 international locations, according to akta.pro company records. The retailer reported $69.15 billion in net sales for the third quarter of fiscal 2026, up 11.6% from $61.96 billion a year earlier. Net sales for the first nine months of fiscal 2026 reached $203.37 billion, a 10% year-over-year increase.
| Measure | Figure |
|---|---|
| Q3 FY2026 net sales | $69.15 billion |
| Q3 FY2025 net sales | $61.96 billion |
| First 9 months FY2026 net sales | $203.37 billion |
Costco's Recent Expansion Moves
In June 2026, Costco opened two new warehouse stores on June 24 and June 25 in Syracuse, Utah and Pensacola, Florida, pushing the retailer past 640 U.S. stores, according to akta.pro records. The Novato City Council voted to approve a 28-pump Costco gas station at an existing warehouse despite Marin County's 2022 ban on new gas stations, because the project was initially approved in March 2021 before the ban took effect. In July 2026, Costco Taiwan announced the relocation of its nearly 30-year-old Kaohsiung store to Zhike Road in Qianzhen District, which will become the largest Costco branch in Taiwan.
Macon Store Timeline
Miller said there is no set groundbreaking or opening date for the Macon store. He added that the county does not need to start making payments on its $30 million bond until a year after the store opens.