Published: May 09, 2010 10:20 PM EDT

CAPE CORAL, Fla. - The Florida Fish and Wildlife Commission says alcohol is suspected as a factor in a crash along the Caloosahatchee River in Cape Coral on Saturday.

Authorities say a 37-foot boat was traveling at a high rate of speed when it slammed into a seawall and landed in a vacant lot.

The Florida Fish and Wildlife Commission identifies the driver of the boat as 36 year-old Jason Williams of Cape Coral.  Two passengers in the boat were seriously injured, 35 year-old Jason Baldner of Wisconsin, and 31-year-old Eric Terpsma of Cape Coral.

Officers say the investigation is ongoing.  So far, no charges have been filed.