Developers of the Westin Resort at Tarpon Point are proposing to build a $10 million, 35,000 square foot conference centrer in Cape Coral. The project is expected to create approximately 33 new jobs, bring in an addtional $22,735 in property tax revenues, while adding a regional benefit of $33 million over the first three years of the project, according to figures released by the city's Economic Development Office.
Attorney Eric Feichthaler who is representing the owers of the Westin states, "It will benefit other hotels in the city as well and likely spur development of other new hotels. Building the conference center will provide the annual demand for waterfront stores and restaurants that goes along with other proposed development like Bimini Basin." "Research shows that for every dollar spent the city invests in this project they get $50 back," Feichthaler said.
Feichthaler said developers hope to have the center open in the first quarter of 2017.