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Council approves expanded Bones Coffee incentive after debate over jobs and funding
Summary
Council approved an amended incentive package for Bones Coffee, increasing the city's share to 10% of the revised $27.3 million project (an additional ~$689,600) after discussion about job retention/creation and funding sources; vote was 7–1 with one dissent.
Cape Coral — The City Council voted Dec. 10 to amend a previously approved incentive for Bones Coffee after the company increased its project scope and cost. The council’s roll-call vote recorded seven ayes and one nay (Councilmember Gunter).
Mayor summarized the earlier package: the city had earlier offered roughly $2.04 million on a $25.8 million project (about 7.91%). Bones asked for an additional $689,602 after the project’s revised cost rose to about $27.3 million, a change that…
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