In the days following the announcement of a $200 million investment in Pine Lake, the state announced a number of new measures aimed at increasing the tourism revenue generated by the resort, including a $2 million bond issue and a $300 million development tax levy.
However, the real estate market for the resort remains relatively limited.
A number of investors have stepped up to buy the property and make it a profitable property.
However with Pine Lake only a few years old, the prospects for this property are very dim.
In fact, some have said it’s just a long-term investment that may never be profitable.
To be fair, the majority of Pine Lake’s revenue comes from tourism.
The resort’s official website reports that “almost one in four tourists visiting the resort in 2017 spent money there, which is more than the entire state of Florida.”
While that figure may not sound like a lot, it’s significant given that Pine Lake is only a couple of miles from Orlando.
According to a 2017 report by the Florida Tourism and Convention Commission, the average value of a hotel room at Pine Lake was $199.90.
That’s more than double the $50 price of a room at the popular Disney Vacation Club in the Orlando area.
In 2017, the resort earned a gross revenue of just over $1.2 million, with about $900,000 of that coming from hotel rooms.
That revenue is enough to pay for itself, but not enough to keep the resort afloat.
To do so, the resorts need to find additional income streams and make some significant investments to grow.
For the most part, that means adding parking lots, expanding the resort’s guest services, and creating new businesses that will bring in more revenue.
While there are plenty of potential opportunities, it remains to be seen whether this investment will bring back any money.
In addition to the $2.6 million bond issuance, the casino was also issued with a $3 million development levy.
That was one of the first significant development tax levies in the state, as the state was looking to increase tourism revenue from Pine Lake to other areas.
The amount of revenue that would have to be generated from the levy was never announced, but given that it was issued to a company that already operates the resort and has extensive ties to the state government, it could be considered a form of tax increment financing.
With Pine Lake still in the planning stages, it appears that the future of the resort is uncertain.
A 2016 survey conducted by the Pine Lake Resort Management Association (PLRMA) suggested that it would likely remain open at least until 2023.
It’s unclear what the future holds for the development tax, but one of its partners said that it has not been discussed with the state yet.