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Estero Development Report
Volume 10, Number 9, Issued April 2011
Produced by the Estero Council of Community Leaders (ECCL)
May Opportunities for Citizen Participation That will Protect Estero's
Quality of Life
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Date
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Time
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Event
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Location
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Tuesday, May 3rd
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9:30 a.m.
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Board of County Commissioner’s Consideration of new Conservation 20/20 purchase properties including Edison Farms
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Commission Chambers, 2nd Floor, 2110 Main Street in
downtown Ft. Myers
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Tuesday, May 10th
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5 p.m.
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Estero Fire Rescue Monthly Meeting
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District Headquarters on Three Oaks just south of Corkscrew
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Wednesday, May 11th
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5 p.m.
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Estero Design Review Committee (EDRC)
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Estero Community Park
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Friday, May 13th
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10 a.m.
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Estero Council of Community Leaders (ECCL) meeting with a Presentation by Pete Winton on the Lee County 2012 Budget
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Estero Community Park
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Monday, May16th
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6 p.m.
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Estero Community Planning Panel (ECPP)
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Estero Community Park
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Friday, May 20th
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9:00 a.m.
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Lee County Metropolitan Planning Organization Meeting
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Regional Planning Commission Building, 1926 Victoria Avenue in
downtown Ft. Myers
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Index
Estero Community Website (www.esterofl.org)
The community groups sponsoring the site are:
Estero Community Planning Panel (ECPP)
Estero Community Association (ECA)
Estero Design Review Committee (EDRC)
Estero Council of Community Leaders (ECCL)
Estero’s Population Explodes Between 2000 and 2010
On March 18th the 2010 U.S. Census information
became available for Lee County and Estero. The Estero community planning area’s 2010 full time population, including The Vines, Osprey Cove, Belle
Lago and The Reserve at Estero, is estimated to be 24,571, up from 9,503 ten years earlier, in 2000.
The Estero community planning area’s 2010 “snowbird”
population is estimated to be 15,728, up from 5,628 in 2000. Thus the planning area’s total 2010 population is estimated to be 40,299, up by over
25,000 persons from the 2000 total. Thus Estero’s population grew by 167% in ten years in spite of the economic slowdown that started five years ago,
in 2006.
During the decade the Estero community’s household
characteristics changed in two important ways:
·
The proportion of “snowbird” households increased from 37.3% to 39%, and
·
The average size of the household decreased from 2.06 persons per household to 2.007
persons per household.
During the decade Lee County grew by 177,866 full time
residents, or by 40.3%, to a current total of 618,754 persons. In addition 30% of Lee County’s housing units were vacant when the 2010 Census was
taken last April.
Blue Cross Blue Shield Facility in Coconut Point Reviewed by the Estero
Design Review Committee (EDRC)
On April 13th the Estero Design Review Committee
(EDRC) reviewed a proposal for a new Blue Cross/Blue Shield of Florida retail center to be located on the empty plot of ground just south of Ted’s
Montana Grill in Coconut Point Town Center. The proposed facility is a 5,014 square foot one story building in Mediterranean style compatible with the
surrounding buildings in Coconut Point.
The proposal is a new prototype for Florida Blue Cross and
Blue Shield and they are branding this concept as “Florida Blue Lifestyle Solutions”. As defined by Vice
President Lanny Felder this new building is not being erected just to sell insurance but will include gathering space and meeting rooms where Florida
Blue intends to offer classes and information on healthy living options. Florida Blue Lifestyle Solutions
will employ 15 full time employees and expects to have 1,000 guests tour the building on the opening weekend.
The building was warmly received but the EDRC asked Blue Cross
and their architects to consider some modifications to the design. They requested some offsets in the long
south wall to provide articulation and relief. The committee also asked that the mansard roof be extended
in height to improve the proportions and relationship to the building. Modifications to the landscaping
were suggested to provide more shaded gathering space that will accommodate small outdoor meetings to be held by Blue Cross.
Building signage was also reviewed and it was suggested the background behind the large sign on the east side of the building be simplified.
Blue Cross will return next month to review the modifications with the committee.
Coconut Point Noise Management Progress Report
On April 18th the Estero Community Planning Panel
(ECPP) once again discussed ways to address noise complaints that have come from residents living in communities just east and west of the Coconut
Point Town Center, primarily Shadow Wood in the Brooks and Marsh Landing. At present two Coconut Point restaurants have been sponsoring musical
entertainment several evenings per week and from time to time persons in these communities have heard the sound and complained about it.
Earlier representatives of Coconut Point, the ECPP, the
affected communities and Lee County community development staff met to discuss the issue and how to manage it. Coconut Point management has been very
cooperative. They have set up a complaint hotline that can be used by anyone who hears sounds coming from the direction of Coconut Point. The number
and the procedure to be used can be found at the following website…
http://esterofl.org/new/Coconut%20Point%20Noise%20Complaint%20Hotline%20Flyer-notice%204-20-11.pdf . This flyer has also been distributed in each
of the communities that have thus far experienced noise problems.
Attorneys for Coconut Point have drafted some noise management
procedures that they would like the ECPP and the County to approve. These procedures will be discussed at the May meetings of the ECCL and the ECPP.
The public is invited to attend and participate in the discussion.
ECCL Economic Development Committee Formed
One of the recommendations of the Estero Community Planning
Workshop held at the Hyatt last November was the long term need to encourage economic development. The
goal should be to diversify the area’s economic base by encouraging the growth of current businesses while attracting to the area less seasonal
businesses that are compatible with the Estero community.
On March 7th, Don Eslick kicked off the inaugural meeting
of the ECCL’s Economic Development (“ED”) Committee which is composed of over 25 members with the interest, experience and background to tackle this
important project. Committee members realized that Estero has a number of attractive attributes, including
over 7 million square feet of already zoned but undeveloped commercial real estate. In addition, Estero
has over 500,000 square feet of immediately available office and retail space. And the area has a large
available work force.
To date, the ED Committee has met four times with the focus
on learning what economic development activities are already under way in the area. Meetings were held with Dick Pegnetter, Special Assistant to
FGCU’s President Bradshaw; Steve McIntosh, Bonita Springs Councilman; Jim Moore, head of Lee County’s Economic Development Department, including the
Horizon Council and the Fort Myers Partnership; Mei-Mei Chan, publisher of the News-Press and a representative of the Horizon Council and Glen Salyer
of the Fort Myers Partnership; and Christine Ross, the CEO and other representatives from the Bonita Springs Chamber of Commerce.
The Committee has learned that Lee County’s economic development activities have been ongoing for over ten years, and that Bonita Springs,
through the Bonita Chamber of Commerce, has been accelerating its efforts for the past year.
The ED Committee intends to continue this learning process
in the near term. It doesn’t make sense to try to “recreate the wheel.”
A more effective approach at this time is for the ED Committee to form relationships and informal partnerships with the other organizations
that are pursuing the same or similar objectives for Southwest Florida. For example, through the ED
Committee’s discussions with Bonita Chamber representatives, it became apparent that having the ECCL partner with Bonita would strengthen both
parties. To that end, the ECCL membership agreed to invest $1,000 in the currently named Bonita Springs
Economic Development Council, which is being funded by many Bonita Springs and Estero businesses and by the City of Bonita Springs.
Bob Lienesch, a member of the ECCL ED Committee, has been elected to a 3 year term as a director of the Bonita Springs Economic Development
Council and will serve as the ECCL representative.
Similarly, cultivating an ongoing relationship with Lee
County’s Horizon Council will strengthen both organizations. Jim Strecansky, a member of the ECCL
Committee, will serve as the ECCL representative to the Horizon Council.
The Horizon Council is in the process of creating a
Catalyst Club, a group of retired business executives who will advise the Council about how to recruit businesses in their chosen profession or
industry. The County knows that Estero has many potential members of the Catalyst Club and wants to work with the Committee to recruit Estero members
for the Catalyst Club. If you are interested in joining the Catalyst Club please call Don Eslick at 273-9493 or email him at doneslick@comcast.net.
On May 4th the Economic Development committee
will meet with Paul O’Connor, Lee County’s Director of Planning, and Dr. Gary Jackson, head of the Regional Economic Development office at FGCU to
learn more about trends in the southwest Florida economy and how Lee County plans to use its vacant lands for future development.
County Board to Consider Acquiring Edison Farms at its May 3rd Meeting
A coalition of national, state and local environmental and civic groups have united in their support of the public
acquisition and preservation of the 4,000-acre Edison Farms site just east of I-75 south of Corkscrew Road.
The Estero Council of Community Leaders, the Brooks Concerned Citizens, Conservancy of Southwest Florida, Collier County
Audubon Society, Audubon of Southwest Florida, CREW Land & Water Trust, Florida Wildlife Federation and The Trust for Public Land has formed a
coalition in support of this effort.
Because of the size of this property funding will likely be necessary from a number of sources, local, state and
national. The coalition is currently investigating a number of these possibilities.
Recent
Progress
On April 11th the Board of County Commissioners met
as the Management and Planning Committee and discussed the 24 properties that had been found qualified by the Conservation 20/20 Committee including
Edison Farms, the highest ranked project. After discussing the projects and availability of Conservation 20/20 funding, the Board directed staff to
post the projects for consideration by the Board at their May 3rd meeting. As we go to press County staff has recommended approval of an
agenda item that directs staff to move forward to appraise and begin to negotiate the acquisition of 24 properties approved by the Conservation 20/20
Committee concurrently, recognizing some of the property acquisitions will need to be structured over a period of years due to limited available
funding. The public is invited to attend this meeting and may testify on this matter. The coalition plans to testify at this meeting in support of the
staff recommendation.
The Trust for Public Lands (TPL), a national not for profit
land conservation organization, has met with county staff and several of the Commissioners to express their interest in playing the role of interim
buying of the Edison Farms property. Under the option proposed by the TPL they would be a cash buyer of the land, thus obtaining the land at the
lowest possible price. TPL would then enter into a lease purchase agreement with the County whereby the County would purchase the land from TPL and
pay it off over a period of years. In addition TPL has offered to share some of the due diligence costs with the County thus further lowering the
county’s cost of the property.
Thus far over twenty Estero residential communities have
passed resolutions of support. If your community has not passed a resolution of support of the acquisition of Edison Farms there is still time to do
so. These resolutions will be used to convince the Lee County Board and other funding sources to
approve the acquisition of this important environmental property.
Background
On March 1st a sub-committee of the Lee County
Conservation 2020 Committee voted to recommend all eighteen ranked properties including Edison Farms to the
full committee for acquisition consideration. Of the entire group of 18 properties Edison Farms has
received the highest environmental ranking.
On March 10th at an official meeting of the entire
Lee County 2020 Committee the full committee also agreed to recommend all of the 18 properties, including Edison Farms, to the Lee County Board of
Commissioners for eventual acquisition consideration. Several supporters of the Edison Farms
acquisition spoke on behalf of Edison Farms at the 2020 Committee meeting.
On January 19th the Edison Farms Public Acquisition
Coalition met to review progress and plan for the next steps in the acquisition process. The following summarizes the status of each element now
underway:
Conservation 20/20 Update – All of the site visits have been
completed as of January 12, 2011. These site visits complete the secondary review process; therefore, the CLASAC Advisory Committee can now rank the
properties and send their recommendation to the BOCC. There is a Criteria and Ranking Subcommittee meeting on February 1st, 2011, where the
staff is expected to provide a proposed ranking. Hopefully, the subcommittee recommendation will then go to the full CLASAC at their meeting on
February 10th.
Phil Flood of the South Florida Water Management District’s
(SFWMD) Ft. Myers office agreed to write a letter to the CLASAC committee in support of the public acquisition of Edison Farms. Our local member of
the SFWMD Board, Charles Dauray, concurs in this support but the District’s Executive Director Carol Wehle has not yet approved the letter.
SFWMD Funding—for the foreseeable future the SFWMD is not
going to fund any projects other than for water quality and water storage in the Everglades.
FGCU support – The Committee continues to seek support of Dr.
Bradshaw, President of FGCU. A meeting is expected soon,
Lee Port Authority Funding – When the Southwest Florida
Regional Airport adds a parallel runway in a few years it will need to update its mitigation plan. It has hired a consultant whose study will
exploring the mitigation options for the runway will be completed shortly. Once this report becomes available the Committee plans on meeting with the
staff of the Port Authority to explore the possibilities of some of this mitigation, and the funds to pay for it, being designated for the Edison
Farms property.
Florida Forever Funding – Due to the State’s precarious
financial condition Florida Forever funds are not likely to be available for some time.
Earlier in 2010 the state’s “Florida Forever” land acquisition program ranked the property and contiguous Corkscrew
Regional Ecosystem Watershed (CREW) area as #3 statewide in the Partnerships and Regional Incentives Projects category.
Representatives of Corkscrew Regional Ecosystem Watershed (CREW) Land & Water Trust and the Calusa Land Trust
announced they will be contributing $100,000 and $10,000 respectively towards the purchase of this land. Pledged donations from community and other organizations will help Edison Farms chances for
approval by the Committee and the Board of Commissioners. We would urge all Estero community organizations to consider pledging some funds, no matter
how small, for the acquisition.
Conservation 20/20 funds were committed in 2009 for the acquisition of a select group of properties using phased
acquisition over the next several years. All Conservation 20/20 nominations received since January 1, 2009 have only undergone a preliminary
evaluation to be retained and held for future consideration when funds became available again or to be rejected. As a result of the preliminary
evaluations, CLASAC has retained a total of 28 nominations, including Edison Farms. About $20 million per year is raised for the Conservation 20/20
program by a special property tax levy approved by the voters of Lee County in 1996.
ECCL Transportation Committee Formed and Meeting
The first meeting of the ECCL Transportation Committee,
chaired by Chairman Nick Batos, was held on Wednesday April 19, 2011.
Darla Letourneau from Bike/Walk/Lee and Doctor Margaret Banyan
from Gulf Coast University gave a presentation on the Bike/Walk/Lee organization and what they have accomplished in Lee County over the last few
years. They explained how, through building coalitions with many groups, they are working towards the goal of having Lee County become a “complete
street community”. The presentation included how they have proceeded to get Lee County and the Metropolitan Planning Organization (MPO) to incorporate
provisions for walkers, bikers and transit into the transportation planning process.
After the Bike/Walk/Lee presentation the committee was
provided with the following list of Estero’s current road improvement needs. The projects on this list were suggested by Estero residents who
participated in the Community Planning Workshop conducted by the ECPP in November, 2010 and from residents who attended “Estero Village with a
Vision/2011” presentations in their communities earlier this year.
Bike/Pedestrian/Transit
- Use Railroad Right of Way for Transit and Bike Paths
- Remedy Bike/Ped deficiencies including rail
- Widen sidewalks for bikes
- Sidewalk on US 41 between and Williams and Corkscrew is below
grade
Estero Gateway Signage
- US 41 north and south entrances
- Three Oaks Parkway north and south entrances
- Ben Hill Griffin north entrance
- Corkscrew I-75 entrance
Roadway Landscape Deficiencies
- US 41 median just north of Coconut Road
- Corkscrew and Ben Hill Griffin
- Corkscrew/Three Oaks Lift Station…add slats
Intersection Improvements
- US 41 and Williams…western approach
- Post office exit for patrons going south
- Broadway and US 41…both Broadway approaches
- Corkscrew and Three Oaks…guard rails
- Estero and Three Oaks…add eastbound turn lane
- Marsh Landing intersection on US 41
Other Projects
- US 41 speed limit
- Corkscrew Road curve east of Wildcat Run
- Insufficient parking at the Post Office
- Sunken section of Coconut Road over a culvert just east of
Spring Creek Road
- Repainting of traffic signal arms
The Committee reviewed the items on the list and was asked to
review them further before the next committee meeting and to come prepared to make any suggestions for:
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Additional items
·
Removal of items, or
·
Clarification of items
At the next meeting the list will be categorized and
prioritized. Then the committee will meet with the Florida Department of Transportation (FDOT), Lee County DOT and other entities that can help the
community implement these projects.
This Committee is still in formation. If you would like to
serve please call Nick Batos at 948-3741 prior to the next meeting of the committee on Monday, May 23 at 3PM at the Shadow Wood Country Club.
Florida Gulf Coast University (FGCU)
Campus Master Plan 2010-2020 Update
The future of Estero will be greatly impacted by the
University and its growth. The residents of Estero understand this quite well. The top priority of those who participated in the Community Planning
Workshop in November was improving the community’s relations with FGCU.
Since November the Estero Council of Community Leaders (ECCL)
has worked with Steve McIntosh, until recently the Chairman of the FGCU Foundation, to develop a better working relationship with the University.
Through his efforts FGCU President Bradshaw has appointed retiring Dean of the FGCU Business School Dick Pegnetter to serve as liaison to the ECCL for
a period of six months.
Every five years FGCU updates its Campus Master Plan. This
process presents an opportunity for the Estero community to learn about the growth of this rapidly growing 12,500 student institution and to interact
with the University and its planners. On April 15th the University conducted its first Public Hearing of this amendment cycle and the
following three Estero community leaders testified at the Hearing:
·
John Goodrich, the Pelican Sound member of the ECCL and a member of the Estero
Community Planning Panel (ECPP),
·
Nick Batos, Chairman of the Brooks Concerned Citizens and Vice Chair of ECCL, and
·
Don Eslick, Chairman of the ECCL.
The updated Campus Master Plan includes the following
findings:
- The projected student enrollment in ten years (2020-21)
will be 23,718, about double the present enrollment,
- The projected faculty and staff in ten years (2020-21)
will be 1,465, up about 37% from today’s total,
- If the Campus Master Plan is followed the main campus
will be fully built out in ten years,
- FGCU would like to maintain the capacity to house 20 to
25% of student enrollment on its campus. Thus the number of students housed on campus in 2020-21 is
projected to be 5,692, up 2,054 units from the present 3,638 housing units,
- Thus about 18,000 students will be commuting to the FGCU
campus in the 2020-21 school year,
- During 2010 FGCU purchased the College Club Apartments,
located on Ben Hill Griffin Boulevard just south of the Gulfcoast Shopping Center,
- Earlier this year FGCU purchased 25 acres of land just
south of the College Club Apartments for future student housing development,
- Estero’s only student housing facility, called Coastal
Village, is located on the east side of Three Oaks Parkway north of Estero Parkway and contains 200 apartments housing 800 FGCU students.
The testimony presented at the Hearing contained the following
suggestions for improving the Campus Master Plan:
- Expand the scope of the plan to address the impact that
18,000 students plus the faculty and staff traveling by automobile to the campus several times per week ten years from now,
- Evaluate the possibility of the private sector providing
near campus student housing with shuttle bus transportation rather than continuing to use the very limited campus land to build more student
housing apartments,
- Reevaluate the current on-campus parking policy that
encourages the use of single passenger autos. Consider changing it to encourage the use of public transit services and other strategies that would
encourage non-automobile transportation,
- Develop information on student, faculty and staff travel
patterns and use it to develop plans that would discourage the use of single occupancy vehicles to travel back and forth to FGCU.
The Campus Master Plan will next be reviewed by the Lee County
MPO, the Regional Planning Commission and the Lee County Board prior to its approval by the FGCU Board in September.
South Lee County Hospital Committee Progress Report
On April 14th
Suzanne Bradach, the General Manager of the BCHC, made a presentation to the South
Lee County Hospital Committee on the recently completed analysis of the present viability of a 24/7 Freestanding Emergency Department in the community
and the changes that the Bonita Community Health Center has made in order to provided expanded health care services to the residents of both Bonita
Springs and Estero.
Mrs. Bradach’ power point presentation can be viewed by
clicking on the following link http://esterofl.org/EsteroLife/healthcare/BCHC2.pdf ,
In addition to the report on the Committee’s activities you will find the information on the BCHC’s services to be quite interesting.
Earlier Progress During 2011
On January 17th the BCHC began to increase their hours by three hours per day, from 7 a.m. to 7 p.m., on all
weekdays. The South Lee County Hospital Committee has long been seeking better access to emergency care…adding three hours per day to the schedule of
the walk-in clinic begins to address this need while the Committee continues to work on obtaining a 24/7 Free-standing Emergency Department and
eventually a hospital.
Since the Center extended its urgent care hours, they have
treated an average of 12 additional patients during those extended hours. These marketing efforts
and the expanded urgent care hours have helped to increase Clinic patient volume’s by 32% during the 2011 spring season.
In early March members of the South Lee County Hospital
Committee met with the BCHC public relations team to discuss how the various communities could assist the Center with it’s short term and long term
marketing efforts. One of the initiatives discussed and/or underway is a quarterly community newsletter
called “Health Beat” that can be distributed in each community by email. This newsletter is an excellent
way for the residents of each community to become aware of BCHC scheduled health screenings and activities, physician announcements, health articles
and important BCHC news.
Several new marketing initiatives were discussed and will
be introduced at the beginning of the next season. These include a speaker’s bureau, a Welcome Back and
Reconnect program for returning winter residents, and web links from community websites to BCHC. In
addition, BCHC is partnering with the Commons Club at the Brooks to assist in their “Living a Healthy Life” project.
As you are probably aware, BCHC is a non-profit facility
and its net revenue is invested back into the Center to improve its medical care and technology. Recent
investments include:
·
a high field MRI, a 16 slice CT scan,
·
upgraded bone density equipment;
·
high definition endoscopy equipment in the Surgery Center,
·
improved ultrasound equipment
·
three additional treatment rooms in the urgent care center.
·
a new waiting room for radiology patients.
Our joint marketing efforts are needed increase awareness
throughout the Estero and Bonita communities of the services provided at BCHC, the extended hours of the urgent care clinic and the physicians that
practice at the Center.
The facility improvements demonstrate the commitment of the BCHC Board to the goal of ensuring
that the residents of Estero and Bonita Springs have easy access to an up-to-date health care facility with a broad array of services.
Read more about these changes by clicking on the following link
http://esterofl.org/EsteroLife/healthcare/Revised%20hours%20flyer%201-5-11.pdf
.
We encourage all residents of Estero and Bonita Springs to take advantage of the new and extended healthcare services now
being offered by the Bonita Community Health Center in Coconut Point.
Further expansion of healthcare services in Estero and Bonita are not likely to be implemented until this facility is
more fully utilized. Your support of the Bonita Community Health Center will demonstrate to the BCHC Board that the community supports the Committee’s
efforts to improve access to emergency health care and eventually a hospital.
On December 6th the leadership of the
Bonita Community Health Center (BCHC) notified the South Lee County Hospital Committee that their Board had approved longer hours for the BCHC
Walk-in Clinic starting in early January 2011.This was one of the recommendations of the Steering Committee set up by the BCHC Board that included 3
community representatives.
At that time BCHC indicated that they were planning to open the Center each weekday morning at 7 a.m. and asked the
Committee to suggest when they should close in the evening and how those hours should vary from “season” to “summer”. In response to that request the
Committee surveyed the members of the South Lee County Hospital Committee, several community service organizations and Estero’s residential
communities. Many responses were obtained and summarized and reported to BCHC in a short period so that the new policy could be implemented in early
January.
As a result of this effort BCHC announced on December 22nd that they would increase their hours to 7 a.m. to 7
p.m. from Monday through Friday and continue to be open on Saturday from 8 a.m. to 1 p.m. and on Sunday from 8 a.m. to noon commencing Monday, January
17th. This represents a increase of 3 hours per day from Monday through Friday. If the community responds favorably to this change, the
policy will continue throughout the entire year, season and summer.
Estero’s March Housing Permits Stagnate
During March, eleven single family homes with a building value of $1.7 million and a four unit condominium were permitted
in Estero. This number of
Housing units permitted
remains below the monthly average last year, and well below the 2000-2007 periods.
March’s permits were for Toll Brothers’ Reserve of Estero and for lesser priced homes in Lennar’s Bella Terra
development.
The following table compares year-to-date March figures with those of the prior eleven years:
|
Year
|
Annual Total Housing Units
|
Building Value of Units
|
Average Building Value Per Unit
|
Percentage of Single Family Units
|
|
2000
|
506
|
$68,142,696
|
$134,669
|
41%
|
|
2001
|
584
|
88,114,145
|
150,880
|
42
|
|
2002
|
292
|
55,956,255
|
191,631
|
60
|
|
2003
|
532
|
77,905,904
|
146,440
|
32
|
|
2004
|
371
|
74,011,015
|
199,491
|
73
|
|
2005
|
883
|
168,168,623
|
190,451
|
37
|
|
2006
|
569
|
119,676,682
|
210,328
|
15
|
|
2007
|
218
|
56,648,641
|
259,856
|
33
|
|
2008
|
40
|
13,791,205
|
344,780
|
90
|
|
2009
|
36
|
14,016,521
|
389,348
|
78
|
|
2010
|
58
|
11,319,925
|
195,171
|
79
|
|
2011
|
36
|
5,837,350
|
162,149
|
78
|
The County permit information used in this report may be found at
http://www.lee-county.com/dcd/Reports/EsteroReports.htm.
Estero’s March Commercial Building Permits Remain Weak
During March, permits totaling $485 thousand were issued for Estero
commercial buildings, excluding apartment units. Like last month’s figure, the commercial
investment is near record lows. As shown in the following table, Estero’s commercial development started to
expand rapidly in 2004 and peaked in 2006 with a total of $185 million that year. Since then, total commercial investment in Estero has fallen
precipitously.
|
Year
|
Year-to-Date
|
Annual Total
|
|
2000
|
$6,493,092
|
$77,250,835
|
|
2001
|
12,714,570
|
44,116,526
|
|
2002
|
2,377,297
|
23,135,139
|
|
2003
|
3,348,635
|
23,234,725
|
|
2004
|
2,556,018
|
60,859,820
|
|
2005
|
7,209,706
|
111,037,977
|
|
2006
|
68,428,727
|
184,709,240
|
|
2007
|
49,358,941
|
157,614,045
|
|
2008
|
18,837,360
|
39,261,677
|
|
2009
|
4,575,618
|
9,752,556
|
|
2010
|
411,276
|
9,322,546
|
|
2011
|
3,877,089
|
?
|
The only major projects permitted so far this year are:
$2,052,000 for
Cayo de Estero,
and
$ 656,000 for
Meadows of Estero.
Reminder: The building values understate the cost of each residence or commercial building because they exclude the value
of the underlying land.
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