City of Regina Awards $6,780,000 Financial Services Contract to Costco Wholesale Canada Ltd (May 2025)

Regina City Council approved an Economic Development Incentive Agreement with Costco Wholesale Canada Ltd., including a $6,780,000 development incentive grant funded from the Land Development Reserve. The reserve will be replenished annually from municipal property taxes on Costco’s Dewdney Avenue properties until the full amount is restored.

Document date · May 7, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$6,780,000

Contract type

FINANCIAL_SERVICES

Renewal

Council authorized the City Manager to negotiate amendments and ancillary agreements, provided they do not substantially change the agreement terms; duration of incentive payments tied to property tax flows until $6,780,000 is fully repaid to the Land Development Reserve.

Document type

Minutes

Source document

City of Regina Council Meeting Minutes May 7 2025

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City of Regina, Canada$6,780,000May 7, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Regina?

Costco Wholesale Canada Ltd was awarded this financial services contract by City of Regina, as recorded on May 7, 2025. The contract value is $6,780,000.

How much is the Costco Wholesale Canada Ltd contract with City of Regina worth?

The Costco Wholesale Canada Ltd contract with City of Regina is valued at $6,780,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Regina Council Meeting Minutes May 7 2025 (Minutes), dated May 7, 2025 from City of Regina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Costco Wholesale Canada Ltd hold?

Costco Wholesale Canada Ltd may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Costco Wholesale Canada Ltd's profile

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