Legislation designed to help Lake Cumberland marinas

June 2009 News
June, 15 2009, 07:54 AM

U.S. Reps. Hal Rogers, R-Ky., and Ed Whitfield, R-Ky., have introduced legislation to help marina operators in the Lake Cumberland region whose operations have been hurt by lower water levels at the popular tourist site.

Lake levels have been lowered to accommodate emergency repairs at Wolf Creek Dam.

"Scenic Lake Cumberland has been the hub of economic development in our area of southern Kentucky for years," Rogers said in a statement. "Many marinas have had to incur tremendous expenses to accommodate the lower pool, such as relocation and investments in additional infrastructure, and these unanticipated expenses have significantly disrupted their cash flow."

Rogers added that he had "no argument with this work," however, little relief was made available to those whose livelihoods depend on the lake.

"During tough financial times, we need to do all that we can to protect small businesses and help spur economic growth," Whitfield added in a statement. "This legislation will help safeguard the critical tourism industry in the Lake Cumberland region, ensuring a bright and prosperous future for the entire region."

The bill would suspend lease payments for marina owners on Lake Cumberland until higher water levels are restored and reimburse these businesses for losses in revenue, costs of relocating on Lake Cumberland and interest payments on loans undertaken as a result of the project.

To ensure county governments surrounding Lake Cumberland do not lose funding, the legislation directs the Corps of Engineers to reimburse the counties for lost revenue.

Rehabilitation of Wolf Creek Dam has been under way for several years to ensure the safety and health of residents living in the dam's surrounding communities. However, this rehabilitation has resulted in lower water levels on Lake Cumberland that has adversely affected tourism and recreation at the popular lake.

An estimated 4 million visitors travel to Lake Cumberland every year to take advantage of the lake's many attractions. Visitors contribute $70 million annually to the local economy, the congressmen said in their statement.

http://www.tradeonlytoday.com/home/498478-legislation-designed-to-help-lake-cumberland-marinas

  • Like what you read?

    Want to know when we have important news, updates or interviews?

You Might Also Be Interested In...
Feature, News

Meet Modus, The Future of Mobile & Marine Audio

DSP Solutions unveiled its highly anticipated new ...
Web Exclusive
Feature, News, Product

Underwater Scooter SEABOB F9 Premiers in Palm Beach

The new SEABOB F9 series guarantees an exhilaratin...
Web Exclusive
Feature, News

Stingray Boats and Koch Trucking Announce Strategic Partnership

Going forward, Koch Marine will handle the transpo...
Web Exclusive
Engines, Feature, News, Product

Mercury Introduces Advanced Mid-Tiller Kit

Mercury Marine offers serious anglers a new full-f...
Mercury Marine
Feature, News

Summit Discusses What to Do With Marine Debris

Inaugural BoatUS Foundation ‘Turning the Tide Onli...
Web Exclusive
BoatUS
Feature, News

Brunswick Recognized on Newsweek's 2025 America's Greatest Workplaces for Women List

The ranking highlights companies that provide comp...
Web Exclusive
Share

Send to your friends!

Click here to read the current issue.

Already a subscriber? Please check your email for the latest full issue link.