Abstract: This study assesses the development issues of Mohicap Lake. Premised on the lack of development, the inattention from the administrative agencies and the underutilization of the natural resource, the study contends that the Laguna Lake Development Authority (LLDA) and the of San Pablo must now take the initiative in fostering development of the lake; specifically by adjusting their model-template approach; by instigating the formulation of a zoning-development plan and by facilitating the promotion of ecotourism. These are basic actionsnecessary for ensuring that development intervention is equitable among the seven crater lakes, for addressing management-conservation issues and precipitating other development actions, for improving the lives of the locals and encouraging community development. Moreover, the study also addresses the gap in Philippine lake studies, particularly the scarcity of scholarly outputs on development studies (as the field is dominated by limnology and aquaculture studies) and on small lakes (as the field is heavily concentrated on big-lake studies).