Spring Training Tourism Generates $13.8 Million for Charlotte

Plus: A Naples property sells for $33 million

Need to catch up on Southwest Florida business news? No problem. Here are the top stories of the week pulled from our daily newsletter, Gulfshore Business Daily.

Friday, May 17

SPRING TRAINING VISITORS GENERATE $13.8 MILLION FOR CHARLOTTE COUNTY

Out-of-county visitors generated an estimated $13.8 million in economic impact in Charlotte County, according to the 2019 Tampa Bay Rays Spring Training Visitor and Economic Impact study, released by the Punta Gorda/Englewood Beach Visitor & Convention Bureau. This figure includes direct and indirect spending by day-trippers and overnight visitors. Spending by Charlotte County residents and seasonal visitors, the Charlotte Sports Park, the Tampa Bay Rays organization, visiting teams, or media, are not included. The estimated figure is based on research the Charlotte County Board of County Commissioners commissioned Research Data Services Inc. of Tampa to conduct during the 2019 spring training season. Sixteen Tampa Bay Rays spring training home games were played at the Charlotte Sports Park between Feb. 22 – March 22, attracting 67,001 fans. For the full report, click here.

Thursday, May 16

INVESTORS’ SECURITY TRUST, FIRST BUSEY CORP. TO MERGE

Investors’ Security Trust has signed an agreement to merge with First Busey Corp., and the merger will be closed in 2019. Investors’ Security Trust is moving forward with this strategic partnership as the combined organization, Busey Wealth Management, which will allow the company to provide a broad range of banking services to complement its wealth management services. With access to additional tools and resources and the backing of a $9.25 billion organization, the combined company is better positioned to serve existing and new clients, and to retain and attract top talent. Charles Idelson, president and CEO of Investors’ Security Trust, has been named Florida market chairman.

Wednesday, May 15

NAPLES PROPERTY SELLS FOR $33 MILLION

A private European investment group, Tamiami Newgate LLC, purchased Newgate Center and Park North from Creekside West Inc., GC Partnership, Ltd, and FoxRock Newgate 5150 Realty, LLC, for $33 million. The property is at 5200 Tamiami Trail N. and Park North, 5125 Castello Drive, Naples. David J. Stevens, CCIM, of Investment Properties Corp. negotiated this transaction for the seller. Rainer N. Filthaut of IRC International Realty Corp. negotiated this transaction for the buyer.

Tuesday, May 14

CASAGRANDE NAMED OPERATIONS DIRECTOR AT CAPTAINS FOR CLEAN WATER

Captains For Clean Water announced the addition of Noelle Casagrande as its new director of operations. Since its founding in 2016, Captains For Clean Water has remained solely focused on their mission to restore the Everglades and save Florida’s water. Casagrande will onboard the overall performance and growth strategy, including developing the team and long-term businessplans, overseeing partnerships and vendors, establishing policies and procedures, managing operating expenses, and optimizing retail offerings and distribution channels. Casagrande has worked in a variety of industries, including retail, hospitality and tourism, and nonprofit. Previous roles include one at Chico’s FAS Inc., where she oversaw internal and external communications, corporate events and community relations. Casagrande attended the University of Florida, where she earned a Bachelor of Science degree in public relations and business. Casagrande also obtained a U.S. Coast Guard Near Coastal Masters license.
 

Monday, May 13

SANIBEL CAPTIVA BEACH RESORTS NAMED BUSINESS OF YEAR

The Sanibel & Captiva Islands Chamber of Commerce has named Sanibel Captiva Beach Resorts (SCBR) “Business of the Year.” Doug Babcock, chief operating officer of SCBR, received the award on behalf of the organization at the Chamber’s annual meeting. SCBR’s portfolio includes the historic ‘Tween Waters Island Resort & Spa, West Wind Inn, Beachview Cottages and Castaways Cottages of Sanibel, along with five dining options. Last year, the company’s portfolio expanded to include Sanibel Captiva Island Vacation Rentals, with more than 450 accommodations. The company has 250-plus employees across its resorts, vacation rental company, restaurants, marinas and spa.
 
Don’t wait until the end of the week to find out what’s happening in Southwest Florida. Sign up for our free daily newsletter, Gulfshore Business Daily, to stay connected.