(Frankfort, Ky.) - One northern Kentucky tourist attractions will receive helpful tax breaks from the state while another is in line to do the same.
A sketch of the proposed Ark Encounter theme
park in Grant County, Ky.
The Kentucky Tourism Development Finance Authority Monday approved a package worth $20.5 million in breaks over the next ten years.
Located in Gallatin County, the 1.5 mile track will host its first NACSAR Sprint Cup race next July with a projected $150 million economic impact in Kentucky.
Meanwhile, a theme park planned for Grant County may also earn some tax breaks.
Answers in Genesis - the non-profit group behind the Creation Museum in Petersburg - wants to build a full-size Noah’s Ark replica at an amusement park called Ark Encounters.
The authority has given preliminary approval of tax incentives for that project which investors say could attract 1.6 million people annually.