City says Cape Coral Yacht Club rebuild expected cost jumps to $225 million

The City of Cape Coral said its plans to rebuild its hurricane-damaged yacht club jumps to $225 million, prompting concerns from people about the hefty price tag.

FOX 4’s Bella Line spoke with citizens about the potential price tag:

City says Cape Coral Yacht Club rebuild expected cost jumps to $225 million, sparking resident concerns

The dramatic cost increase was revealed during a Cape Coral Committee of the Whole meeting on Wednesday, where city officials defended the higher budget as necessary for the community’s long-term growth.

“The idea is we’re not building a facility that is just for 220,000 [people] we’re building a facility that’s going to sustain 75 to 100 years for 440,000 residents,” City Manager Michael Ilczyszyn said…

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