That is also my understanding - with "bidding for a share" being the operative term. Caley Thistle already have a stadium at a location of the club's own choice which has effectively already had two separate contributions of public money - when it was built in 1996 (£1.8M) and the tax concessions when the ICT Trust was set up in 2001. On the latter subject, I seem to recollect that one of the legal requirements for the ICT Trust to be set up in order to gain these concessions was that it should benefit all sports and not just football. I am not so far clear of the extent to which sports other than football have benefited from this requirement so far.
Priority number one has to be the multi purpose indoor facility to which Alex refers. There are sports across the area crying out for such a facility. On the other hand if a training area for ICT and other football clubs can also be provided, all well and good. In terms of location, Fort George is far from ideal and who knows - any indoor facility may save a trip to Dingwall when the snow arrives.
On point one....it's fairly well known and accepted that the "public funds" received in 1996 were nothing more than a means for the local authority to pay for infrastructure improvements from funds other than those earmarked for such things. Whilst technically accurate, the reality is that it did little to directly assist the club...they were merely the vehicle through which the money was shifted.
In regards to the Trust that was set up to take ownership of the stadium....that had little/nothing to do with tax concessions. Even if it was, I would be surprised if it has ever benefited from any tax concessions which would not be afforded to any company with trading losses. It could actually be argued that the most tax efficient thing to have done would be to leave the stadium and debt within the club so that those losses could have been offset against the clubs tax bill.
Since the Trust hadn't (up to the last time I checked) turned a profit, then there's no chance of any surplus existing to be distributed to any sport.
Always amazes me that members of the local media pay such close interest to financial operations at ICT (whilst constantly drawing the wrong conclusions) but very rarely spot (or would it be more accurate to say, take such public interest in?) the more obvious goings on elsewhere!!