Is Fisherman’s Village closing? No, Here is the Truth

Fishermen’s Village in Punta Gorda, Florida has faced challenges, including foreclosure and damage from Hurricane Milton. So, question arises, Is Fisherman’s Village closing, Despite this, the restaurant is fully operational. Popular businesses and restaurants continue to thrive. 

The grand reopening in November 2024 marked a new beginning, aligning with the holiday season. The future of Fishermen’s Village remains promising, with plans for growth and revitalization.

Is Fisherman’s Village closing or Going Out of Business?

Despite facing a series of challenges in recent years, including foreclosure and damage from Hurricane Milton, Fishermen’s Village in Punta Gorda, Florida is not going out of business. 

• Current Status: Fishermen’s Village is fully operational and thriving.
• Restaurants like The Captain’s Table, Harpoon Harry’s, and Good Ole’ Days Coffee and Ice Cream remain popular attractions.

Why the Foreclosure at Fishermen’s Village in 2023?

In July 2023, Fishermen’s Village in Punta Gorda, Florida made a significant announcement: the property was facing foreclosure. This news raised alarms among locals and tourists, sparking rumors about the future of this beloved waterfront destination.

• Reason for Foreclosure: The foreclosure stemmed from overdue financial obligations. The bank required overdue notes and payments to be addressed before moving forward with a change in ownership.
• Additional Financial Challenges: The foreclosure occurred because Jonathan Larmore, the owner of the property, was unable to meet mortgage payments, leading to a default. The bank holding the mortgage initiated the foreclosure proceedings.
• Business Continuity: Despite the foreclosure news, businesses within the Village remained open and operational. Local shops, restaurants, and other establishments continued to serve customers, signaling the resilience of the area and the ongoing hope for a positive outcome.
• Sale Process: The property was put up for sale through a “call for offers” process, allowing potential buyers to submit bids.This process provided an opportunity for new ownership to step in and potentially bring stability and revitalization to the area.

What the Foreclosure Means for the Village?

According to Dan DeCarlo, a consultant involved in the process, the foreclosure was simply a procedural step to transition to new ownership. It did not signify that the Village was shutting down.

• The foreclosure was aimed at securing new ownership and bringing stability back to the area.
• The Village continued operating while it searched for a new buyer to take over and sustain its operations.

Hurricane Milton’s Impact and the Village’s Resilience in 2024 

In October 2024, Hurricane Milton caused significant disruption to Fishermen’s Village in Punta Gorda, Florida. This made people asking Is Fisherman’s Village closing, The storm’s effects prompted a temporary closure, but the resilience of the Village and its businesses helped it recover quickly.

Impact of Hurricane Milton:

• Temporary Closure:
  • Fishermen’s Village shut its doors from October 8 to October 31, 2024, to address damage caused by the storm.
  • The closure allowed businesses and the property to focus on necessary repairs and renovations.
• Damage to Businesses:
  • Captain’s Landing and King Fisher Fleet experienced damage from the storm surge and high winds.
  • Some shops and dining spaces required restoration and cleanup efforts to resume operations.
• Marina Damage:
  • The good news was that boats in the marina emerged unscathed, demonstrating the Village’s strong infrastructure.

Resilience and Recovery:

• Refurbishing Efforts:
  • The downtime was used to revamp and improve various spaces within the Village, including retail and dining areas.
  • Many business owners took the opportunity to refresh their locations and offer an enhanced experience for visitors.
• Reopening:
  • Fishermen’s Village officially reopened on November 1, 2024, just in time for the snowbird and holiday seasons.
  • The reopening marked a revitalized and refreshed Village, with businesses fully operational and ready to welcome visitors back.

Community Resilience:

• Despite the setback, the Fishermen’s Village community showed great resilience, bouncing back stronger and more united.
• The storm highlighted the community’s ability to weather challenges and ensure the Village remained a vibrant destination for locals and tourists.

A Grand Reopening Celebration at Fishermen’s Village

The reopening of Fishermen’s Village after the disruption caused by Hurricane Milton in October 2024 felt like a grand opening for both the businesses and the employees who had been impacted. 

This special event marked the beginning of the holiday season with a renewed sense of optimism and celebration.

Perfect Timing:

According to Kathy Burnam, Marketing and Events Manager, the reopening coincided perfectly with the holiday decorations already being set up around the Village.

“What a perfect day to have the opening with all of our Christmas decorations that are pretty much nearly in place,” 

Encouragement for the Community:

Burnam emphasized how the reopening brought a sense of encouragement and optimism to both locals and visitors.

“It gives people a lot of encouragement. It will start the season for them very well, and it’s a big deal,” said Burnam.

Fishermen’s Village Hours

Fishermen’s Village operates during the following hours:

The Future of Fishermen’s Village’s Resilience

The future of Fishermen’s Village is promising. It has overcome challenges like foreclosure in 2023 and Hurricane Milton in 2024. The community’s support is strong. Local businesses and residents help keep the Village thriving. 

The November 2024 reopening brought new energy with updated spaces and fresh experiences. Seasonal events and holiday decorations attract visitors year-round. The search for new ownership offers opportunities for growth and innovation. 

With its resilience and ongoing improvements, Fishermen’s Village is set to remain a key destination in Punta Gorda, Florida.

FAQs

Is Fisherman’s Village open after hurricane Milton?

Yes, Fishermen’s Village reopened on November 1, 2024 after repairs.

Was Fisherman’s Village sold?

The property was put up for sale after foreclosure proceedings but is not yet sold.

How much is Fisherman’s Village worth?

The property has been put up for sale with an asking price of at least $30 million to pay off outstanding debt.

When was Fisherman’s Village built?

Fishermen’s Village was built in 1967.