Published: Apr 26, 2010 11:12 AM EDT

CAPE CORAL, Fla. - The Cape City Council has been listening to proposals for an aquatics center project almost a year.

On Monday it's expected to make a vote that could move the city toward an agreement to build or sink the project altogether.the city has been promised millions of dollars of revenue.

But it takes money to make money and this will not be cheap for the city.

The city would have to put up about $27 million for the project. City officials say the state may be willing to chip-in about $3 million.

Lee County has also committed $4.5 million. The national swim center corporation would be responsible for $20 million.

Monday night the council will have to approve a "memo of understanding" between the NSCC and the city.

Not only will it cover the financial requirements but also scheduling goals to keep the project on track for completion by 2012.

A "yes" vote tonight would keep the proposal afloat but it is still no guarantee the swim center would ever become a reality.

A "no" vote would likely kill the project for good in Cape Coral.

We'll let you know which way the council decides to go.

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