CAPE CORAL, Fla. (WINK) — A new full-service hospital could be coming to Cape Coral, and it comes with a hefty price tag.

HCA plans to transform its current emergency facility on Pine Island Road into a full-service hospital, about a 10-minute drive from the Lee Health hospital.

The location is about a 10-minute drive from the Lee Health hospital. The building will include 100 acute care beds, a cardio lab and operating rooms.

The project comes with a $300 million price tag, including $30 million in incentives just for HCA to build the new hospital and provide those services to people in Cape Coral. That number has some taxpayers concerned.

Cape Coral to get new HCA hospital on Pine Island Road by 2029

The announcement comes on the heels of Lee Health announcing it is dropping United Healthcare coverage next year.

One neighbor said he wouldn’t mind another hospital to keep up with the growing population. What he is worried about is all the other kinds of development that could counteract that progress.

“It’s getting more and more people down here, but I don’t understand why they’re coming up building so many apartment buildings because I’ve counted 18 apartment buildings in Cape Coral, and I know they’re not going to fill them all,” Platten said.

Construction on the project is set to begin in 2027 with a projected completion date in 2029.