To the editor:<\/p>\n
Buried on page 55 in the Crown RFP for Bimini East are the following expectations for taxpayer subsidies:<\/p>\n
\u201cPublic incentives and support for a transformative project like Bimini East will be critically important. The support is anticipated to come from federal, state and local sources. Local sources such as infrastructure grants,<\/p>\n
\u201cEnhanced Property Value Recapture Grants, impact fee deferral and abatement, and other incentives will be used as applicable.\u201d<\/p>\n
Some details are offered:<\/p>\n
City Assistance $8,825,000 7.7% (of total project cost)\u00a0 \u00a0 \u00a0<\/p>\n
\u2013\u00a0 (a) TIF $7,000,000<\/p>\n
\u2013\u00a0 ROW Infrastructure Cost Share $1,700,000<\/p>\n
Real estate taxes taken by Tax Increment Financing Districts result in the rest of us paying more to make up the difference.<\/p>\n
And since when is a developer not expected to pay for the streets and other infrastructure?<\/p>\n
Are we expected to pay for the new canal?<\/p>\n
The new traffic light to handle traffic from the development on Coronado?<\/p>\n
That\u2019s not the way the Rosen brothers did it.<\/p>\n
Cal Skinner<\/p>\n
Cape Coral<\/p>\n","protected":false},"excerpt":{"rendered":"To the editor: Buried on page 55 in the Crown RFP for Bimini East are the following expectations…\n","protected":false},"author":2,"featured_media":281498,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-364906","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/364906","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=364906"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/364906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/281498"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=364906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=364906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=364906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}