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Lee County says it gave Bonita Springs $5 million interest-free loan to keep beach renourishment underway
Summary
Officials credited an interest-free $5 million county loan and subsequent state funding with keeping a beach renourishment contractor mobilized, and described how FEMA reimbursement timelines and inter-county resource sharing affect recovery speed.
Lee County officials told attendees that the county provided a $5,000,000 interest-free loan to the City of Bonita Springs so a beach-renourishment contractor could continue work without demobilizing, and that the county later helped secure additional state funding for the project.
That assistance matters because mobilization for beach renourishment — which may involve dredges, barges and heavy equipment moved from other states — is costly, and demobilizing a contractor can add time and cost if…
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