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City of Naples may help Stillwater Cove pay bills - Gulfshore Business
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City of Naples may help Stillwater Cove pay bills - Gulfshore Business
City of Naples is considering loaning Stillwater Cove $11.69 million to keep its management and preserve the 95-unit complex in River Park East as affordable housing — preventing redevelopment into a market-rate complex or gated community. City Council, sitting as the Community Redevelopment Agency, asked its consultants, CBRE and Trinity Commercial Group, to ask Corridor Ventures Inc. if it would consider a lending option, with a right of first…
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