It belongs to the Kura River valley, home to a large mixed-use development project by the same name.

Plans are in place for Green Lisi Town, a mixed-use development on the lakefront.

[1] Chairman of TBC Bank, Mamuka Khazaradze's Georgian Redevelopment Company is behind the project,[2] while architectural firm Andropogon did the master plan and site design.

[5] Conditions of the deal with the government required Khazaradze's group to spend US$30 million on public utilities upgrades in the area and on a system to provide badly needed fresh water to the lake.

Khazaradze's group balked at the conditions of the deal and ended up, under questionable circumstances, purchasing the land directly from the city for US$55 million – a savings of US$127 million from the original bidding against the Israeli group.