This message was sent out to the Real Estate Brokerages in Cape Coral.
AN IMPORTANT MESSAGE FROM THE DEPT OF ECONOMIC DEVELOPMENT THAT MAY IMPACT BUYERS & SELLERS
Cape Coral is known for its value in waterfront residential property. As the real estate market continues to improve, there may be increased interest in residential properties affected by the upcoming removal of a boat lift along the spreader canal in Northwest Cape Coral. To help ensure a full understanding of the project and its implications for prospective property owners in the area of the canal, here is a brief explanation of the recent developments.
There has been severe erosion along the west side of the North Spreader Waterway. To reduce future damage to the mangroves, the City will be removing the Ceitus barrier and boat lift this summer. The removal is being done under provisions of a recent agreement among the Florida Department of Environmental Protection, Lee County Government and the City of Cape Coral.
Removing the lift should be considered a first step. The agencies have agreed to conduct further discussions about long-term solutions, which may include reconstruction of barriers and reinstallation of a lift.
After the barrier and lift are removed, it may appear that the spreader canal provides unrestricted, direct or open access. However, this may be a temporary situation, and access may again be reduced. If a lift is reinstalled, boat size and weight would be restricted to the capacity of the lift system.
Progress on this project will be reported periodically to the City Council, and interested parties are encouraged to keep informed about the situation.
I hope this information will be helpful to the professional real-estate community and will help buyers and sellers fully understand what is happening, and the implications for boaters. Please do what you can to pass it on. And certainly let me know if you need more information or have any questions.
Mike Jackson
Economic Development Director
City of Cape Coral, FL
"Growth Engine of Southwest Florida"
239-574-0444
www.bizcapecoral.com
Brought to you by the South West Florida Fort Myers Cape Coral Real Estate Blog
