Costco Wholesale Corp. purchased the 12 acre tract of land previously occupied by the Multiplex Cinema and plans to open a new store on the site as early as Spring 2013. The store is planned to be a smaller scale store, will add approximately 250 jobs to the community with some of the highest wages in the retail industry, and could have a significant economic impact on the area. Along with the store opening come road improvements in the immediate area of the store. Costco be located at 7940 Richmond Highway and will provide easier access to area businesses, 70% of which already have Costco memberships. The area was chosen, in part, due to its high percentage of college graduates. Over 20,000 Costco members live within a five-mile radius of the proposed store location.