Cape Coral Approves $1M Investment for Boathouse Rebuild After Fire Demolition

The Boathouse Tiki Bar & Grill at the Cape Coral Yacht Club, severely damaged by a fire last October and previously by hurricanes, is being demolished as part of a plan to rebuild the establishment. After nearly a year of delays and negotiations, the Cape Coral City Council approved a 30-year concessionaire agreement with the Boathouse owners, including a $1 million city investment towards rebuilding and a new marine fueling system. The Boathouse owners will cover all demolition and construction costs, reimburse half the fueling system cost, and share a percentage of sales with the city. City officials and community members expressed optimism about the agreement, viewing it as beneficial for both the city and the restaurant’s future. Plans for the new Boathouse are underway, though construction may take months to start following permit applications. The reopening of this waterfront landmark is highly anticipated as it holds significant meaning for the Cape Coral community.