Lake WinnepesaukahRINGGOLD, Ga. — The Catoosa County Board of Commissioners unanimously backed a tax break Tuesday night of $85,050 for Lake Winnepesaukah Amusement Park for its new five-acre water park.
Next step for Lake Winnie will be to get a $113,000 tax break from state officials.
The family-owned park is hoping to squeeze as much value as it can out of its $6.3 million investment in the water park and hopes to get sales and use taxes waived on new equipment it will buy and build for the water park.
“This is a company that’s really going out on a limb financially,” park representative Tommy Dickinson told commissioners. “They’re laying it on the line.”
He said the $198,050 in abatements of state and county sales and use taxes will be more than repaid by an estimated $1.2 million in sales taxes generated over five years from ticket sales and other money water park visitors spend.