Cape Coral is planning to break ground on its largest project ever: the complete rebuild of the Yacht Club.

The project promises to transform the waterfront property, significantly impacting both locals and tourism.

At a meeting on Wednesday, city leaders mapped out the construction phases, aiming for a full opening in 2030. 

The Yacht Club, originally constructed in 1962, is undergoing a transformative redevelopment following severe damage from Hurricane Ian in 2022. The project, which initially aimed at a $12 million renovation, shifted to a full-scale rebuild due to the extensive damage and the discovery of a failing seawall. The new vision for the site includes a modern marina, community space, and tourism hub.

The project’s price tag of $225 million makes it the largest project in Cape Coral city history. The plan includes a community center, concessions building, resort-style pool and beach, playground, and a restaurant.

Residents have mixed feelings about the project. Michelle Glotfelter of Cape Coral expressed frustration with the timeline and budget.

“I feel like everything should have already been done by now,” said Glotfelter. “And the budget’s way, like everything else in Cape Coral, overdone.”

Terri Kowalski, another Cape Coral resident, shared a different perspective.

“It seemed like a shocking figure,” said Kowalski. “But it is what it is. I mean, things are expensive. Hopefully, that’s enough to do what we need. We’re not asking for the Taj Mahal.”

The funding for this ambitious project will primarily come from a public service tax on electricity and natural gas bills, currently generating $9.5 million annually. A planned 3% increase in fiscal year 2026 will contribute an additional $7 million, with more funds redirected from Charter Schools starting in fiscal year 2028.

The city will also provide an internal general fund loan of approximately $8 million to cover the initial years when the site is not yet generating revenue, with repayment over eight years.

The project will undergo three phases, starting with marine work, followed by Phase 1, on-site preparations and a parking garage, and finally, Phase 2, the addition of the community center, concessions, restaurant, and beach and pool area.

Nancy Amato, a Cape Coral resident, reminisced about her experiences at the Yacht Club.

“I have great memories on this beautiful beach as well as the boat club,” said Amato. “So convenient to come here, be at the beach.”

Kowalski also mentioned areas for improvement.

“They’ve gotta do more bathrooms, nice bathrooms and more parking,” said Kowalski. “The parking was really tough, but the venue itself was just awesome.”

Concerns remain about the project’s duration and cost, with some residents worried about the four to five-year timeline. With significant implications for tourism and recreation in the area, the Yacht Club holds a special place in the hearts of many locals, and its redevelopment is eagerly anticipated by the community.