{"id":172351,"date":"2026-02-28T02:23:06","date_gmt":"2026-02-28T02:23:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/172351\/"},"modified":"2026-02-28T02:23:06","modified_gmt":"2026-02-28T02:23:06","slug":"cape-coral-may-rely-on-residents-to-fund-225m-yacht-club-rebuild","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/172351\/","title":{"rendered":"Cape Coral may rely on residents to fund $225M yacht club rebuild"},"content":{"rendered":"<p>\n\t\t\t\t\t\tAfter months of back and forth over the future of the Cape Coral Yacht Club, city leaders say the estimated $225 million cost to rebuild the popular waterfront destination may be paid solely by Cape Coral residents.Plans call for a new community center, parking garage, pier and a resort-style swimming pool. The city is also working on replacing the seawall and docks as part of the first phase of improvements.To finance the project, the city may take on debt and implement a 3% public service tax on utilities, a move that could increase residents\u2019 monthly bills.Visitors and residents say they are eager to see progress but understand rebuilding will take time.\u201cIt\u2019d be nice to see the final results soon,\u201d said Harold Foster of Cape Coral.Mark Stevens, visiting from Wisconsin, said the damage has dramatically changed the landscape.\u201cWhen you look up, it\u2019s almost to the point where you don\u2019t see it anymore,\u201d Stevens said.Morgan Becraft, visiting from Connecticut, said she was surprised by the scope of the project during her visit.\u201cIt\u2019s a little unsettling,\u201d Becraft said. \u201cThe hurricanes and fires \u2014 it\u2019s not something that can be rebuilt overnight. Rome wasn\u2019t built in one day.\u201dDespite concerns about potential tax increases, some residents say they simply want the yacht club restored.\u201cI\u2019m just hoping it doesn\u2019t disrupt how we can come here and have a good day,\u201d Foster said. \u201cWe come here a lot. We enjoy it.\u201dThe City of Cape Coral said the next steps in the rebuilding process will be discussed at a future public meeting.DOWNLOAD\u202fthe free\u202fGulf Coast News app\u202ffor 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.\n\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tCAPE CORAL, Fla. \u2014 \t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>After months of back and forth over the future of the Cape Coral Yacht Club, city leaders say the estimated $225 million cost to rebuild the popular waterfront destination may be paid solely by Cape Coral residents.<\/p>\n<p>Plans call for a new community center, parking garage, pier and a resort-style swimming pool. The city is also working on replacing the seawall and docks as part of the first phase of improvements.<\/p>\n<p>To finance the project, the city may take on debt and implement a 3% public service tax on utilities, a move that could increase residents\u2019 monthly bills.<\/p>\n<p>Visitors and residents say they are eager to see progress but understand rebuilding will take time.<\/p>\n<p>\u201cIt\u2019d be nice to see the final results soon,\u201d said Harold Foster of Cape Coral.<\/p>\n<p>Mark Stevens, visiting from Wisconsin, said the damage has dramatically changed the landscape.<\/p>\n<p>\u201cWhen you look up, it\u2019s almost to the point where you don\u2019t see it anymore,\u201d Stevens said.<\/p>\n<p>Morgan Becraft, visiting from Connecticut, said she was surprised by the scope of the project during her visit.<\/p>\n<p>\u201cIt\u2019s a little unsettling,\u201d Becraft said. \u201cThe hurricanes and fires \u2014 it\u2019s not something that can be rebuilt overnight. Rome wasn\u2019t built in one day.\u201d<\/p>\n<p>Despite concerns about potential tax increases, some residents say they simply want the yacht club restored.<\/p>\n<p>\u201cI\u2019m just hoping it doesn\u2019t disrupt how we can come here and have a good day,\u201d Foster said. \u201cWe come here a lot. We enjoy it.\u201d<\/p>\n<p>The City of Cape Coral said the next steps in the rebuilding process will be discussed at a future public meeting.<\/p>\n<p>DOWNLOAD\u202fthe free\u202f<a href=\"https:\/\/qrco.de\/gcnapp\" rel=\"nofollow noopener\" target=\"_blank\">Gulf Coast News app<\/a>\u202ffor your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the <a href=\"https:\/\/www.verylocal.com\/wbbh-ft-myers\/\" rel=\"nofollow noopener\" target=\"_blank\">Very Local Gulf Coast app<\/a> to stream news, entertainment and original programming on your TV.<\/p>\n","protected":false},"excerpt":{"rendered":"After months of back and forth over the future of the Cape Coral Yacht Club, city leaders say&hellip;\n","protected":false},"author":2,"featured_media":172352,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210,3369,166,104,81949,1179,81946,213,81944,81945,81948,81947,5204,12882,2171],"class_list":["post-172351","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news","tag-city-leader","tag-day","tag-entertainment","tag-first-phase","tag-gulf-coast-news-app","tag-harold-foster","tag-late-news","tag-m-yacht-club","tag-mark-stevens","tag-monthly-bill","tag-morgan-becraft","tag-project","tag-rebuilding","tag-resident"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/172351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=172351"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/172351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/172352"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=172351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=172351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=172351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}