CEPD reviews updated beach project tax assessments
Beach Nourishment financing: The Captiva Erosion Prevention District's board was presented with updates to the tentative apportionment for the proposed beach renourishment project at its monthly meeting.
On Nov. 14, consultant economists Drs. William Stronge and Gary Jackson returned before the commissioners to review the changes that were requested by the board at its September meeting, which included using $18 million versus $15 million for the project's cost to offer some wiggle room.
They provided the updated breakdown of the project's annual benefits for property owners for storm protection and recreation, along with the proposed assessments based on zone and property type.