Published: Jun 11, 2013 5:07 PM EDT
Updated: Jun 11, 2013 11:47 PM EDT

CAPE CORAL, Fla. - Unraveling the mystery of Project DiMaggio. That was the code name the city of Cape Coral gave to its mission to help a national chain open a new location in Cape Coral.

City officials have confirmed that business is Starbucks. It will be located at 4802 Chester St. by Cape Coral Parkway and would mean a major economic boost for the area.

We hit the "grounds" early Tuesday to confirm with Estero Bay Capital general contractor Jeff Stultz that a Starbucks would bring a venti-sized opportunity to the south Cape.

"It would be wonderful, a good place to get coffee!" Dan Puleio owns Cape Cleaners right down the road and says a new Starbucks would be a welcome addition. "It's exciting, anything that helps the south Cape, helps the area grow, I think it's a great idea," he said.

The city says Project DiMaggio would be "an anchor tenant for the downtown area". The almost one million dollar project would attract other businesses, new customers and increase property values.

The 1800 square foot building would be environmentally friendly and would serve up 25 to 30 new jobs. "There's a lot of people who are on the streets right now and they could use these jobs," said resident Romeo Diaz.

John Wolske owns Hoboz Fine Dining and says he is also excited but hopes a big company won't roast his business. "Let's hope they dont hurt the small mom and pop shops," he said.

CRA officials could decide to give Starbucks $27,000 in CRA funds as an incentive to develop.