Ladysmith Marina Visitor Dock Extension

Ladysmith Maritime Society

Sources of Funding
ICET:$21,573
Ladysmith Maritime Society:$65,426
Total Budget: $65,426
Quick Facts: 

The project has been profiled in major marine tourist publications of the Pacific NorthWest, further strengthening the region's growing international reputation. 

Marine tourism is an important economic driver for Southern Vancouver Island however a lack of visitor infrastructure had been impeding the sector’s growth.  Recognizing the potential of marine tourism for economic diversification and growth for the community, the Ladysmith Maritime Society undertook a $2 million dollar Visitor Facilities project (link to first project) which added a series of key infrastructure components to promote and increase large-scale marine tourism within the region. Marine tourism has grown at a considerable pace since the completion of that project in 2012. The enhanced visitor amenities have captured the attention of several well-known boating magazines and web sites, resulting in a growing demand to host boater rendezvous, especially for larger events which exceed the Marina’s current capacity.

In order to increase the marina’s capacity to accommodate larger boater “rendez-vous” the project, completed in 2014, increased the length of the visitor dock by 150 feet, including moorage for larger vessels.  Work included pile driving, construction of the 150 foot dock, and electrical and water installation.

It is expected that that this modest investment in improved facilities will add an additional 320 visitor boat nights, generating an additional $72,000 in direct economic activity with a total additional spinoff of $130,000 annually.  This additional spending helps to retain and enhance the competitiveness of local businesses and promote ongoing growth in the marine sector such as hardware, boat repair, and marine technology.  On a broader scale the project helped to further strengthen the Island/Coast's rising reputation as a preferred destination for large-scale marine tourism.

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2018-19 Annual Report

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