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CAPE CORAL, Fla.- The driver involved in a crash Thursday afternoon has died. Police say David King hit a utility pole before crashing into the canal at Surfside Boulevard and Beach Parkway. Witnesses tell police the car was traveling at a high rate of speed, and may have clipped some traffic signs before plunging off the embankment and into the canal. Rescue crews pulled King out and rushed him to a local hospital where he later died. The crash shut down the intersection for several hours. Police say there have been three crashes in the area in recent years, with vehicles winding up in the canal. The city has considered putting up guard rails, but the council decided they were too expensive and chose instead to put in warnings to slow the traffic down at the turn.