24 Del. Admin. Code § 5.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 5.0 - Facility Eligibility

5.1 An applicant must satisfy the following criteria:

5.1.1 Be a facility within the definition set forth in Section 3.0, specifically a high school, collegiate, or recreational venue that generates positive incremental state tax benefits to the State, is used for public purposes, and regularly hosts sports tourism events;

5.1.2 Own the property on which the sports facility is to be constructed or renovated or be under a ground lease acceptable to the Division review panel;

5.1.3 Possess sufficient committed funds, including funding from this program if approved, to achieve successful completion of the project;

5.1.4 Have a useful life of a length satisfactory to the panel with a detailed maintenance plan and a funding source for maintenance;

5.1.5 Promote the Office to visitors attending sporting events at their sports facility; and

5.1.6 Indicate tourism-based events it intends to target for their sports facility in program application.

5.2 An applicant will provide documents and information determined by the panel, in its sole discretion, to satisfy the above criteria.

24 Del. Admin. Code § 5.0

27 DE Reg. 443 (12/1/2023) (final)