The Tourist Development Capital Projects Funding Program was created to process requests for tourist development tax funds to be used for capital projects.
The Lake County Tourist Development Tax was created to fund the promotion of tourism and attract tourists to visit Lake County. The Lake County Tourist Development Council was established to recommend to the Lake County Board of County Commissioners uses of the tourist development tax revenue in accordance with the Lake County Tourist Development Plan.
Requirements to be eligible for the Tourist Development Capital Project Funding Program include the following:
- Projects must be located within Lake County and serve to establish new or expand existing facilities for recreational activities, cultural events and performances that host and promote events in Lake County which will bring substantial numbers of overnight tourists/visitors to the county.
- Applicants must provide a fifty percent (50%) match of the budget for the total cost of an approved capital project. Examples of in-kind match are: donated goods and services, land, facilities, etc. Value estimates must be verifiable. Land value, whether purchased or in-kind, may only account for 25% of the total project cost or 50% of the Applicant match, and all land value must be verified by a certified appraiser. Applicant must submit proof of other sources which, when combined, provide total funding for the full capital project.
There are no guarantees that applicants will be awarded funding. Even though a project may qualify, decisions regarding the award of the funds and the amount awarded are at the sole discretion of the Lake County Board of County Commissioners.
To learn more about Lake County’s Tourist Development Capital Projects Funding Program, please view the links below:
For questions regarding the Tourist Development Capital Projects Funding Program, contact the Office of Elevate Lake at 352-724-3924.
Tourism Development Council Meeting Calendar
Below are dates the TDC meets in 2018. Capital Funding applications are considered twice per year and must be received by the deadline indicated.
- Monday, January 8, 2018
- Monday, April 9, 2018
- Monday, April 30, 2018 - Spring Capital Funding
SUBMISSION DEADLINE: February 26, 2018
- Monday, July 9, 2018
- Monday, October 8, 2018
- Monday, October 29, 2018 - Fall Capital Funding
SUBMISSION DEADLINE: August 27, 2018