Cape Coral CRA net position jumps 19% in FY25

Cape Coral’s Community Redevelopment Agency increased its total net position, a measure of assets minus liabilities, by 19% during fiscal year 2025, ending the year with $19.5 million, according to audited financial statements released by the city. The agency reported a $3.1 million increase driven by continued growth in property tax revenue within the redevelopment district, scheduled debt repayment and lower operating transfers to the city. The CRA also invested more than $3.2 million in redevelopment projects, including streetscape, infrastructure and public improvement projects, while reducing outstanding debt by 28.2% and continuing investment in South Cape Coral’s revitalization efforts.