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Price and several friends invested $2.5 million to establish Price Club. The first Price Club location opened on July 12, 1976, [2] in San Diego, at the former site of a manufacturing building previously owned by Howard Hughes. [3] [4] The original Price Club location is now a Costco
Costco membership card from Iceland. Costco's earliest predecessor, Price Club, opened its first store on July 12, 1976, on Morena Boulevard in San Diego, California.It was founded three months earlier by Sol Price and his son, Robert, following a dispute with the new owners of FedMart, Price's previous membership-only discount store. [16]
In the late 1980s, Price donated $2 million to the construction of a new student center on the campus of University of California, San Diego. [8] Named for Price, Price Center, which houses the main student bookstore, food court, movie theater, ballrooms, and meeting rooms, opened on April 21, 1989.
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