A workshop to discuss design renditions for the multi-million dollar rebuild of the Cape Coral Yacht Club pivoted to a discussion on numbers on how the project could be funded.
A Cape Coral City Council majority said they could not spend an estimated $196 million on the Yacht Club rebuild without a funding mechanism with the discussion including whether to phase in the plan to build a new community center, pool, marina, parking structure and more so as to not incur all of the debt at once.
Councilmember Rachel Kaduk expressed the viewpoint that government needs to get back to the basics – provide and manage infrastructure, ensure public safety, and provide recreational green open space. She said the city should finish the marine work and put up a “for sale sign” to gain the commercial tax…