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Costco has its eyes on a piece of land at 14th Street and Pine Lake Road for its first Lincoln location, according to a letter sent to neighbors who live in the area.

The letter, dated Aug. 19, says Costco wants to develop a warehouse store, fueling station and other uses on 38 acres on the north side of Pine Lake between 14th Street and Hazel Scott Drive. The land is currently owned by the company that owns Lincoln Memorial Funeral Home and has been listed for sale for more than a year.

According to a site plan included with the letter, the 150,000-square-foot Costco, with parking stalls for 750, would sit on roughly 20 acres between 16th and 20th streets on the north side of Pine Lake Road. There would be outlots on both the east and west sides of the Costco building, presumably to act as buffers to surrounding properties, which include Scott Middle School to the east.

Costco and its development team plans to hold an informational meeting for neighbors at 5:30 on Wednesday at Scott Middle School, and the letter says the retailer would like to hear neighbors' concerns before making a formal application to the Lincoln-Lancaster County Planning Commission. The company will need to seek a zoning change, as the land is currently zoned for agricultural uses.