A sketch of the Noah's Ark portion of Ark Encounter.
(Grant County, Ky.) - A flood of tax rebates is coming to a theme park which will include a replica of Noah’s Ark.
On Thursday, The Kentucky Tourism Development Finance Authority unanimously voted to grant $43 million in tax incentives over ten years for the Ark Encounter project.
The $173 million theme park will open in Grant County in the spring of 2014. Construction could begin later this year.
The incentives are a key part of making the project viable with the project’s investors, which includes Answers in Genesis, who runs the Creation Museum in Petersburg.
Private donations are also being solicited to help fund the project. According to the Ark Encounter website, about $2.9 million of the $24.5 million goal has been raised.
Kentucky Governor Steve Beshear said last year Ark Encounter would attract 1.6 million visitors while having a $250 million economic impact for the state each year. As many as 600 to 700 people could be employed at the park.