South Cape's Palm Tree Square project faces increased costs and extended timeline

CAPE CORAL, Fla. —

The vacant lot across from the old golf course along Palm Tree Boulevard in South Cape could soon become Palm Tree Square, as city leaders consider a new contract amount and extended timeline for the project.

The Community Redevelopment Agency is considering a $339,765 contract for the Palm Tree Square project, marking a significant increase from the previous contract amount of $59,865. The total project cost after amendment is not to exceed $399,630. Originally, the goal was to have the project completed by 2026, but as of now, no construction has started.

The funding would cover final engineering, landscape design, permitting, and construction oversight, along with extending the completion date. Palm Tree Square is planned to feature a public plaza with palm trees, a fountain, and a gathering space. If the funding is approved, changes could begin soon, with the new completion date slated for February 2027.

The Cape Community Redevelopment Agency meeting is scheduled for 9 a.m. Wednesday. Stay tuned for updates on whether the funding gets approved.

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.