Costco Wholesale Corp

NEW ORLEANS (AP) — Costco Wholesale Corp. will build its first Louisiana store in New Orleans.

The Times-Picayune reports (http://bit.ly/JRh3Mb) the big-box warehouse store will be in the Carrollton area off the city just off Interstate 10.

Costco intends to invest more than $40 million in a membership-only facility on the site of the former Carrollton Shopping Center across from Xavier University.