Kelvin Sidebottom, a well-known Numurkah businessman, has now declared all profits generated by his self-published memoir will go towards fixing the lake.
“I thought it would be the one thing which outlived me, but maybe that’s not true anymore,” Mr Sidebottom, 86, said.
The plan is to hire a contractor to clean the weeds out.
Last year, Mr Sidebottom, who lives in Wunghnu, committed book sale proceeds in a similar manner while trying to get a mental health retreat on Ulupna Island off the ground.
This latest effort comes after a petition by locals was submitted to Moira Shire Council to improve the lake.
Mr Sidebottom's book, One Man’s Dream, is available to buy at the Wunghnu Cafe for $30.
“I don’t have any money, but I found when you’re old you don’t need much money, I get by on the pension just fine,” he said.
“That's why I'm willing to donate 100 per cent of the sales.”
The book covers everything from his mental health challenges to business dealings and the politics behind the lake.
The lake is 58 per cent owned by Lakeside Country Club and 42 per cent owned by the Victorian Government (28 per cent under Moira Shire Council, 13 per cent of that under Department of Environment, Land, Water and Planning).
Lakeside Country Club said it was not the owner of the site and declined to comment.
Moira Shire Council is preparing to respond to the petition by locals and tabled a detailed plan in its latest meeting about the lake.