City Council Candidates “Graded”

Fox 4 reports a recent Town Hall meeting in Cape Coral brought up this new issue released about a “report card” that grades your primary candidates.

At this point we shouldn’t have to question each of their levels of education but rather let’s ask “WHO is PRO Growth?”— “WHO will support Land Development and future planning use to compliment the need for this growth- which will then provide jobs for so many of the unemployed in Cape Coral alone?!?”

Click here to see the report card from SWFLI:

http://media.jsonline.com/documents/2011+Primary+Candidate+Report+Card.pdf

http://www.fox4now.com/news/local/128648888.html

Veterans Labor Day Kick Off Event

We announced the Builder’s Fund for the Veterans Foundation…. I am honored to serve as their representative in the purchase and acquisition of the old Sweetbay for many uses, including a Museum…

(Source: http)

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Obama Vows No Cuts in Veterans Programs

This vow was made during his speech to the annual convention of the American Legion.

By the end of the year, Congress and the administration must agree to significant cuts in the 10-year deficit, with spending cuts shared among domestic and security programs, or face severe automatic across-the-board cuts that would fall particularly hard on military programs.

Mr. Obama also proposed a Returning Heroes Tax Credit for companies that hire unemployed veterans and a Wounded Warrior Tax Credit for companies that hire unemployed veterans with a disability. The unemployment rate among those who joined the military after Sept. 11 was at 13.3 percent in June.

(Source: The New York Times)

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UPDATE - Burnt Store Road Widening

In Cape Coral there is not much progress or movement within city limits, however Lee County is pursuing further acquisitions of properties along the east side of Burnt Store Road.

For the Charlotte County area heading north close to US 41, phase 1 of the project will be extending an existing four-lane section of Jones Loop to US 41, additional turn lanes at this intersection, and the widening of Burnt Store Road into a four-lane divided roadway to Notre Dame Boulevard. Phase 2 will continue the widening from Notre Dame Boulevard to Zemel Road.

The demolition of the Alligator Creek Bridge is complete and Burnt Store Road, between US 41 and Acline Road, has been closed and will remain so until approximately November 17th , 2011.

Traffic will be detoured between US 41 and Burnt Store Road via Acline Road.

(Source: charlottecountyfl.com)

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Warren Buffett rescues Bank of America!?!

Who will rescue millions of home owners the bank enticed into refinancing and pulling all of their equity out of their homes and now left struggling to pay back the bank?

Buffett’s Berkshire Hathaway announced it would invest $5 billion in Bank of America Corp.

Buffett also lent his credibility to Goldman Sachs Group Inc. and General Electric Co. with investments of $5 billion and $3 billion respectively, during the 2008 financial crisis.

Those investments wound up being very lucrative for Berkshire; a profit on paper of $500 million was made on the stock warrants thanks to a surge in Bank of America’s stock price in the first hour after the deal was announced.


(Source: http)

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Bank of America Layoffs Continue

According to an internal memo written by the company’s chief executive, Brian T.Moynihan they are planning to cut 3,500 jobs, in addition to 2,500 prior layoffs, with a potential loss of 10,000. Since the beginning of the year, shares of Bank of America have fallen to around $7 from $15.

(Source: The New York Times)

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The Veterans Foundation News

The Veterans Foundation will celebrate the grand opening of a 15 x 15 foot prototype hydroponics farm which was paid for by the City of Cape Coral and will be operated by local veterans. The ceremony begins at 11 a.m. Aug. 4 at Eco Preserve Park off Veterans Parkway in Cape Coral.

 

The Veterans Foundation of Cape Coral announced the Miss Cape Coral Pageant plans to donate all ticket sales to the foundation and will take place Aug. 14 at Palmetto Pine Country Club.

The pageant is searching for a few qualified contestants from Cape Coral, for further information contact Mitzie Barnes pageant coordinator at 573-5252 or email mitzie0529@yahoo.com.


(Source: news-press.com)

Dredging the Cape Resumes

Dredging will resume on over 200 miles of saltwater canals in Cape Coral, suspended since June 2010, now that the dredging permit has been renewed. “This will increase their capacity for storm water runoff and improve the navigability of the canals,” said City Manager Gary King. The city is accepting bids and the lowest bid is from Gator Dredging, of Pinellas Park.

(Source: news-press.com)

Cape Council OK’s Tax Break and City Manager $17,750 Incentive Pay

 


The city council proposed a tax rate of $ 7.87 per $1,000 of taxable property value, which must be approved by October 1st along with the budget. This tax rate decrease will mean an $800,000 cut from the budget. They also voted to give City Manager Gary King incentive pay for meeting performance incentives during his first year. 

(Source: )

NEW Veterans Clinic to provide Economic boost for SW Florida city Cape Coral. This is HUGE for Business Growth and Land Development Opportunities!!