| Community Budget Issue Requests - Tracking Id #597 | |||||||||
| University Center at Cape Coral Academic Village | |||||||||
| Requester: | Terri Hall, Legislative Coordinator | Organization: | City of Cape Coral | ||||||
| Project Title: | University Center at Cape Coral Academic Village | Date Submitted | 1/12/2004 11:13:57 AM | ||||||
| Sponsors: | Saunders | ||||||||
| Statewide Interest: | |||||||||
| Universities contribute to our region through four main avenues: 1) they earn income, spend that income, and attract students who also spend; 2) they undertake research and development that could be focused on regional issues (such as growth and environmental management); they educate the labor force; and 4) they contribute to the social and cultural life of the community in which they are located, by providing infrastructure, community service and volunteers. | |||||||||
| Recipient: | City of Cape Coral | Contact: | Terri Hall | ||||||
| P.O. Box 150027 | Contact Phone: | (230) 574-0446 | |||||||
| Cape Coral 33915-0027 | Contact email: | ||||||||
| Counties: | Lee | ||||||||
| Gov't Entity: | Yes | Private Organization (Profit/Not for Profit): | |||||||
| Project Description: | |||||||||
| Construction and operating costs associated with the development and implementation of a University Center located within the City of Cape Coral's Academic Village. | |||||||||
| Is this a water project as described in Chapter 2002-291, Laws of Florida? | No | ||||||||
| Measurable Outcome Anticipated: | |||||||||
| Based on a May 2002 reserach study conducted in Michigan, for each dollar of state support a state university in Michigan collectively generates $26 of economic impact. Few if any public investments realize a rate of return of this magnatude. In addition to this benefit, a development of this type provides our community with educational, cultural, professional, technical and vocational services. | |||||||||
| Amount requested from the State for this project this year: | $10,780,060 | ||||||||
| Total cost of the project: | $13,080,060 | ||||||||
| Request has been made to fund: | Construction | ||||||||
| What type of match exists for this project? | Local | ||||||||
| Cash Amount | $2,300,000 | ||||||||
| Was this project previously funded by the state? | No | ||||||||
| Is future-year funding likely to be requested? | Yes | Amount: | $380,000 | To Fund: | Operations, Construction | ||||
| Was this project included in an Agency's Budget Request? | No | ||||||||
| Was this project included in the Governor's Recommended Budget? | No | ||||||||
| Is there a documented need for this project? | Yes | ||||||||
| Documentation: | Marketing Feasibility Study and Conceptual Site Plan Design | ||||||||
| Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)? | Yes | ||||||||
| Hearing Body: | City of Cape Coral City Council | ||||||||
| Hearing Meeting Date: | 10/14/2003 | ||||||||