Cape Coral Considers $30.95 Million Hospital Incentives
City of Cape CoralCity · Cape Coral, FL- Disclosed value
- Up to $30,950,000 total: $5,250,000 job creation incentives, $6,000,000 site development assistance, $17,900,000 enhanced property value recapture grant, and $1,800,000 impact-fee assistance
- From agenda
- Document date
- Oct 21, 2026
The 30-second brief
Cape Coral City Council is considering an economic development incentive agreement with Fawcett Memorial Hospital, Inc. The agreement would authorize up to $30.95 million in incentives and assistance tied to construction of an acute care hospital, with payments over 25 years.
Fawcett Memorial Hospital Inc holds this contract with City of Cape Coral. Its other public contracts on record include work for Charlotte County School District.
Term as filed: Payments over a 25-year performance period.
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Contract details
- Amount
- Up to $30,950,000 total: $5,250,000 job creation incentives, $6,000,000 site development assistance, $17,900,000 enhanced property value recapture grant, and $1,800,000 impact-fee assistance
- Document date
- October 21, 2026
- Term
- Payments over a 25-year performance period
- Agency
- City of Cape Coral
- Source document
- City of Cape Coral Agenda Regular Meeting 2026-10-21 (Agenda)
More City of Cape Coral contracts
Questions about this contract
Who was awarded the government contract by City of Cape Coral?
Fawcett Memorial Hospital Inc was awarded this government contract by City of Cape Coral, as recorded on October 21, 2026. The contract value is Up to $30,950,000 total: $5,250,000 job creation incentives, $6,000,000 site development assistance, $17,900,000 enhanced property value recapture grant, and $1,800,000 impact-fee assistance.
How much is the Fawcett Memorial Hospital Inc contract with City of Cape Coral worth?
The Fawcett Memorial Hospital Inc contract with City of Cape Coral is valued at Up to $30,950,000 total: $5,250,000 job creation incentives, $6,000,000 site development assistance, $17,900,000 enhanced property value recapture grant, and $1,800,000 impact-fee assistance.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Cape Coral Agenda Regular Meeting 2026-10-21 (Agenda), dated October 21, 2026 from City of Cape Coral. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fawcett Memorial Hospital Inc hold?
Fawcett Memorial Hospital Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Cape Coral currently buying?
Explore City of Cape Coral's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.