The City Council decided in a study session this week to consider joining with Golden West College and Costco to bring the discount chain to Huntington Beach. Some points of the deal being negotiated between the college and Costco would include: Costco leasing college land at Gothard Street and McFadden Avenue for its store at about $1.75 million a year; the city and a nonprofit housing developer building student housing for 300 residents on a vacant lot east of the college; and a projected $2 million in revenue for the college yearly. City officials said Huntington Beach would rake in sales tax money from the deal and help further develop a retail corridor near the college and Bella Terra Shopping Center.
Some neighbors criticized the deal and said they weren’t properly informed by the city of an issue that appeared only on a final revised version of the council agenda; the item appears without further description as “Study Session — Potential Retail and Student Housing Projects in Conjunction with Golden West College.”