Those in Victoria may have seen the worst keep secret that Costco has finally annouced a new store in Ringwood VIC.
Finally the central business area along with stage 1 of the Eastland development have started to come to life.
Hopefully will help the shock and decline Ringwood has had with RE prices in the last 12 months
"COSTCO is finally moving into Ringwood after years of negotiations.
Managing director Patrick Noone and Premier Ted Baillieu today announced work was expected to start on the $65 million project at the old Ringwood Market site next month.
It is set to open in July or August 2013.
Mr Noone told Maroondah Leader it would create 375 to 400 jobs - half of those full time and the others part time.
He said he first looked at the site in 2006, but Costco only started seriously negotiating for it two years ago.
Costco usually works on larger sites, and Mr Noone said the old Ringwood Market site was "not ideal" in terms of size - but that Ringwood worked for other reasons.
.
"I think primarily Costco sees Ringwood as being the centre of the eastern side of the city," Mr Noone said.
Mayor Cr Rob Steane welcomed the announcement, which he said would kick-start the redevelopment of central Ringwood.
"The community has been extremely patient and I hope that you can now join us in celebrating this wonderful milestone for Ringwood, for Maroondah and for the eastern region of Melbourne," Cr Steane said.
Finally the central business area along with stage 1 of the Eastland development have started to come to life.
Hopefully will help the shock and decline Ringwood has had with RE prices in the last 12 months
"COSTCO is finally moving into Ringwood after years of negotiations.
Managing director Patrick Noone and Premier Ted Baillieu today announced work was expected to start on the $65 million project at the old Ringwood Market site next month.
It is set to open in July or August 2013.
Mr Noone told Maroondah Leader it would create 375 to 400 jobs - half of those full time and the others part time.
He said he first looked at the site in 2006, but Costco only started seriously negotiating for it two years ago.
Costco usually works on larger sites, and Mr Noone said the old Ringwood Market site was "not ideal" in terms of size - but that Ringwood worked for other reasons.
.
"I think primarily Costco sees Ringwood as being the centre of the eastern side of the city," Mr Noone said.
Mayor Cr Rob Steane welcomed the announcement, which he said would kick-start the redevelopment of central Ringwood.
"The community has been extremely patient and I hope that you can now join us in celebrating this wonderful milestone for Ringwood, for Maroondah and for the eastern region of Melbourne," Cr Steane said.
