This map outlines the proposed Seven Islands Community Development District in northwest Cape Coral. The district would support infrastructure for a mixed-use development with housing, a hotel, marina and retail space.
Cape Coral City Council on July 22 approved the creation of special governing districts for two of the city’s largest early-stage developments, allowing the future communities to finance their own infrastructure separately from the rest of the city.
The districts include the 47-acre Seven Islands Community Development District in northwest Cape Coral, proposed by developer Gulf Gateway Resort & Marina LLC, and the 1,280-acre Star Farms CDD by Forestar USA Real Estate Group at the city's northern edge.
CDDs are limited independent governments that finance infrastructure and amenities, typically through municipal bond debt. Cape Coral City Council, however, retains authority over zoning, permitting and land-use planning.
CDD residents typically pay assessments, similar to homeowner association fees, to cover the costs of sewer, water, landscaping and other infrastructure. Each district is overseen by a board required to hold public meetings and approve spending measures.
The Seven Islands CDD plans to build $71.5 million in initial infrastructure to serve an expected 2,480 residents, while the Star Farms CDD plans $221 million in startup infrastructure to serve an estimated 8,750 residents at full buildout.
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