Sarasota News Leader

08/09/2013 & 08/16/2013

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Page 26 of 113

Sarasota News Leader August 9 & 16, 2013 Page 27 have expanded on those, she added, spending the past several months running them out for a number of years as they consider the best approach. of the project at $17.5 million, while federal officials have put it at $20 million, she noted, though the latter figure includes "a very large contingency." Corps officials also are looking at reducing the size of the groins, she added, while trying to ensure the structures will provide much-needed protection for the shoreline. The federal government would pay 62 percent of the cost, she said, with the city applying to the state for 19 percent of the remainder and the city taking responsibility for about $3.8 million of the expense. The modeling is scheduled to be complete in The local money is expected to come out of a October, DavisShaw said, with the results to Tourist Development Tax (TDT) revenue fund be made available not just to city and county set aside for renourishment projects. officials but also to the public. It could be as long as 18 months before the Tourism on Lido Beach is vital to the com- Corps puts in a request for federal funding, munity's economy, DavisShaw pointed out, DavisShaw pointed out, because it does not which is all the more reason the City of Sara- apply for money until the design of a project sota is proceeding with plans to renourish that has been completed and "[it is] at least fairly beach. City officials have estimated the cost far along in permitting." A chart shows 2012 economic data reflecting tourism on Lido Key Beach. Image courtesy of Visit Sarasota County

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