Cape City Council to vote on funding proposal for Jaycee Park

Cape Coral’s efforts to upgrade Jaycee Park have hit financial hurdles, particularly with the company contracted to manage concessions and food trucks, The Reef Cape Coral LLC.

In August, the Cape Coral City Council approved a public-private proposal with Fortress Secured, LLC to handle construction.

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The plan includes The Reef operating the concessions and food court, as well as owning and operating four food trucks to create an affordable destination for local families.

The city attorney, Aleksandr Boksner, sent a notice of default to The Reef Cape Coral LLC, demanding payment of more than $1.4 million. If the payment is not made, the city may terminate the agreement for managing the concession area and food truck court.

The city said The Reef initially owed $1.37 million, due 60 days after signing the agreement in November 2024. The company applied for an extension, with the new deadline being March 17, 2025, but has still not made the payment.

Michael Amato from The Reef explained that the delay is due to a banking issue and mentioned submitting a new funding proposal to the city.

Cape Coral City Council plans to meet next month to discuss the Jaycee Park situation further.