Ark Encounter transfers land back to for-profit affiliate

WILLIAMSTOWN, Ky. (AP) - Officials of a Noah's Ark theme park have sold their main parcel back to a for-profit affiliate days after Kentucky's tourism agency said the park had breached an incentive agreement that would refund a portion of the sales tax collected at the site.
           
The Lexington Herald-Leader reports the issue began in June after Ark Encounter transferred the property to its non-profit affiliate Crosswater Canyon for $10. It was switched back to Ark Encounter on July 21 after the Kentucky Tourism Arts and Heritage Cabinet suspended a tax break worth up to $18 million for the biblical attraction.
           
Mark Looy, co-founder of Ark Encounter's parent body, Answers in Genesis, said on Monday they needed to keep options open but didn't explain the two land transfers.
           
The 510-foot (155-meter) wooden ark opened in July 2016.

 

© 2017 Associated Press


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