Published: Feb 12, 2013 6:02 PM EST
Updated: Feb 12, 2013 6:03 PM EST

CAPE CORAL, Fla. - It could be the end of an era for a Cape Coral landmark. The city voted not to renew the lease for K-C's Riverstop. 

Councilman Marty McClain says the city is opening up the land to proposal from other businesses. Meantime, KC's owner Betty Serrago says she is devastated and says this could spell the end of the business she started 20 years ago. 

"You try to do the best you can with what you got." Betty Serrago says she doesn't know if her restaurant will last the summer. "1500 people signed a petition in a week and a half and we can't get 7 people in our town to say, you know what? Maybe they got something there," she said.

The Cape council voted against renewing KC's three year lease, which ends in June, and instead, opted for an RFP, which means a request for proposal, or pricing. This means other people can submit ideas, and enter a bid process, for a new business at the site. 

"My vote was strictly.. let's look at the property itself and what benefits and what options are there," said District 7 councilman Dr. Derrick Donnell. 

"If we overlook the possibility of additional revenues, no matter how minor they are, we're not doing our job." said District 1 councilman Marty McClain.

It's good news for Billy Jo Fuller and her husband, who is a chef. They plan on submitting their own proposal.
"I think the way they have it laid out right now, it's too congested for what they've got going on, I think the food could be much better quality, and attract a bigger base," Fuller said.

Meanwhile, employees at KC's Riverstop are questioning their future, and current customers, including councilman Chris Chulakes-Leetz, who voted to support KC's, say they are disappointed in the city's decision. 

"I'm not sure how they're going to get another business in that's going to contribute as much as Betty and Carmine contributed to the city," said an employee. 

The proposals will go through the Selection Advisory Committee which will bring recommendations before city council in a three to five month time period. KC's  is also allowed to submit its own proposal.

Betty Serrago says at this time, she's not sure if it's worth it.