Published: Oct 15, 2012 7:24 PM EDT
Updated: Oct 15, 2012 8:41 PM EDT

CAPE CORAL, Fla. -- It's your money, and a heated debate is underway over what should be done with the organization who's mission is to revive parts of Cape Coral.  

The city manager says he should take over the Community Redevelopment Agency, but the CRA maintains it is doing fine on its own.

In a letter, city manager John Szerlag says the Cape Coral's Community Redevelopment Agency is not bringing in enough money to pay for current staff salaries and operating costs as well as capital projects.

Szerlag says the CRA located in the South Cape exceeds its projected revenues by more than a million dollars.

He says more than $300,000 of that is going to CRA leader salaries.

To save money, he suggests he become the executive director while city council would act as the board and promises to make sweeping changes.

Szerlag says "As the CRA Executive Director, I intend to terminate the contracts of current CRA staff, and reassign duties to city staff."

Councilman Marty McClain is sponsoring an ordinance that would make this a reality. He says the CRA has funds saved up but those reserves should not be put towards funding salaries and overhead.

But CRA leaders, like chairman Rich Greer, maintain the agency is heading in the right direction and would be able to survive.
Greer points to recent projects like the new Founders Park, officially dedicated last month, as a visual reminder of the CRA'a success.

Today is the public hearing on this matter. Then city council will vote on it at the end of the month.