BELLEVUE, Wis. (WFRV) - The Village of Bellevue has announced plans to build a Costco store in the community. The new store will be located here on County Road GV off of Highway 172.

The village has been working for more than a year on the deal. Leaders are hoping it's arrival will bring more than just new customers to their community.

"I think the east side is an underserved market," Aaron Oppenheimer, Bellevue Village Administrator said.

That's why village leaders have spent the last couple of years building up business in Bellevue. Oppenheimer hopes the new Costco store becomes a regional draw.

"We have a number of residents that tell us they go down to Milwaukee or Madison to shop at Costco stores," explained Oppenheimer. "Now they don't have to do that. They can come and stay right here in Bellevue. It's going to bring people from all over to our community."

Costco is a membership warehouse selling brand-name products at wholesale prices. The new 64 acre store will feature a tire center, indoor food court and bakery. It will add about 200 new jobs to the local economy.

"I'm excited," said Jean Neuman, a frequent shopper. "All four of us gals just drove up from Sturgeon Bay and we said we can't wait."

Current Bellevue businesses are also keeping a close eye on the project. The manager of Tucson's Southwest Grill, just down from the Costco site, is excited about further development in the area.

"Bellevue is a small community so we want people from the west side to come on over and realize that we are here," Alex Racajczak said.

According to Oppenheimer, the project comes with a $25 million initial investment. That includes upgrades to County Road GV.. But he said that price tag is worth every penny.

"We will have at least $20 million in new development in 2012," he added. "We're ecstatic about that so Bellevue really is a success story for economic development and growth."

Construction on Costco is slated to start this spring. The store should be open by next fall.