Noah's Ark theme park angling for $18 million in tax breaks
A proposed Noah's Ark theme park is praying for a flood of tax incentives to help get itself off the ground.
Ark Encounter is applying with Kentucky's Tourism Development Finance Authority for inclusion in a program that grants tourist attractions up to a 25 percent rebate on sales tax collected from admissions, concessions and the like, according to The Courier-Journal. As the paper notes, the rebates could total up to $18.25 million over 10 years.
Back in 2010, Kentucky Gov. Steve Beshear (D) promised about $40 million in tax breaks toward the original $150 million construction plan — which calls for building a full-scale replica of Noah's eponymous ship. But the park failed to raise nearly enough money in time to lock down that financial assistance, prompting it to come back with a second attempt at securing public support.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
The group behind the park, Answers in Genesis, also runs a Creation Museum in Kentucky.
A free daily email with the day’s biggest news and analysis – and the best features from TheWeek.com
Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.