During a recent government meeting, officials from Fort Myers discussed innovative opportunities for revenue generation through the development of waterfront properties. A proposal was put forth to assign density to the river bottom owned by the city, which stretches from East Fort Myers to Georgetown. The idea involves selling the rights to build condominiums over the water, similar to successful projects in other cities like Miami and Palm Beach.

The proposal suggests constructing exclusive condominium units accessible via bridges, with parking garages on the first floor and potential boat docking facilities underneath. This initiative could not only create a new revenue stream for the city but also enhance the local tax base without impeding existing boat activities.

City officials acknowledged the complexities involved, including the need for extensive permitting. However, they expressed optimism about the financial benefits, estimating potential sales in the millions of dollars. The discussion highlighted the importance of maximizing the use of city-owned land to foster economic growth.

Additionally, the meeting touched on the status of a marina that was damaged during Hurricane Irma. City representatives noted ongoing efforts to clean up the site and the possibility of acquiring it to incorporate into city boundaries, which could further enhance local infrastructure and services.

As the meeting progressed, officials also addressed budgetary matters, emphasizing the need for a detailed discussion on the five-year capital improvement program and associated debt financing in preparation for an upcoming public hearing. The meeting underscored Fort Myers' commitment to exploring innovative solutions for urban development and community enhancement.