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As part of the dam restoration permitting, FLTF has set aside $400,000 to assist property owners with natural shoreline project implementation on private property. Projects must be natural shoreline projects - seawall repair, seawall replacement and traditional riprap stabilization will not be eligible for grant funding. This funding has a cost-share requirement with the property owner. A maximum award per project will be set based on interest in the program to provide funding for as many projects as possible.
Upcoming in-person trainings will educate attendees on the grant program and include examples of which projects would qualify. We encourage anyone interested in the grant program to attend the training to learn more. The application submittal will remain open until all funds have been spent. Click the button below to fill out and submit your shoreline restoration project application. To finance the restoration project, FLTF is leveraging grant dollars and funding from two municipal bond issuances. The first bond series was secured in June 2025 for an amount of $80 million with an effective interest rate of 5.94 percent. Bond proceeds from this borrowing were used to fund dam restoration from June 2025 to June 2026.
Yesterday marked six years since Edenville Dam failed, Sanford Dam was overtopped, and Secord and Smallwood lakes were ordered to be lowered. Yesterday also marked a major milestone as we secured the second series of bonds totaling $80,285,000 with an effective interest rate of 5.73 percent. We are tracking to complete the project significantly under the planned not-to-exceed amount of $217.7 million. If this is the case, a refund will be issued to property owners when construction concludes in 2028 (read more below).
Curious about the history of the Four Lakes dams? We have you covered. Check out a new timeline that covers the entire history, including ownership, compliance, communication efforts, and construction milestones.
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May 2026
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