Cape News
City adds to its Bimini Square investment
The city of Cape Coral’s plans for its $40 million Bimini Square investment took an additional $2.7 million step forward Wednesday. Cape Coral City Council approved a contract for demolitions on existing properties as well as the purchase of additional parcels for the development opportunity the city is creating adjacent to Bimini Square as well as the South Cape entertainment district along Southeast 47th Terrace. The city’s first investment entailed the purchase of 43 improved and unimproved parcels — approximately 18.73 acres — for $40,089,504 with the sale recorded in September. The first resolution, 373-24, awarded Honc Destruction, Inc. a $1,617,853 demolition ...
