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.
Subscribe to 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
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The group behind the park, Answers in Genesis, also runs a Creation Museum in Kentucky.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – 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.
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans Published
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia Published
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia Published
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia Published
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans Published