The future of the historic Cape Coral Yacht Club is under discussion. City leaders are taking a closer look at what it could cost. “There was a lot of history behind the original Yacht Club. For example, with the ballroom, it was a great place, … I just wish they would get started on and quicker than they are,” said Cape Coral resident Sherri Oster. The plans feature a new seawall, resort-style pool, community center and parking garage. “It could meet the needs of the community because I know everyone’s kind of invested in it,” said Cape Coral resident Shay Weekes. “Just ready for them to make the improvements and get it back here. This is kind of our little spot in Cape Coral,” said Oster. It’s all part of a multiyear redevelopment. The club is expected to come with a $225 million price tag. The project also relies on public service tax funds, about $9.5 million a year for the first decade. “It’s an awful lot. There’s been so many people having to rebuild and everything from the hurricanes. It’s a lot of money,” said Oster. The city plans to add a 3% tax on electricity and natural gas starting in 2026. The city also plans to provide an internal loan of $8 million. To carry the debt in the initial years, with payback over eight years or less. DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.

CAPE CORAL, Fla. —

The future of the historic Cape Coral Yacht Club is under discussion. City leaders are taking a closer look at what it could cost.

“There was a lot of history behind the original Yacht Club. For example, with the ballroom, it was a great place, … I just wish they would get started on and quicker than they are,” said Cape Coral resident Sherri Oster.

The plans feature a new seawall, resort-style pool, community center and parking garage.

“It could meet the needs of the community because I know everyone’s kind of invested in it,” said Cape Coral resident Shay Weekes.

“Just ready for them to make the improvements and get it back here. This is kind of our little spot in Cape Coral,” said Oster.

It’s all part of a multiyear redevelopment. The club is expected to come with a $225 million price tag. The project also relies on public service tax funds, about $9.5 million a year for the first decade.

“It’s an awful lot. There’s been so many people having to rebuild and everything from the hurricanes. It’s a lot of money,” said Oster.

The city plans to add a 3% tax on electricity and natural gas starting in 2026. The city also plans to provide an internal loan of $8 million. To carry the debt in the initial years, with payback over eight years or less.

DOWNLOAD the free Gulf Coast News app for your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app to stream news, entertainment and original programming on your TV.