Group seeks tax incentives for ark park

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Associated Press

Posted on July 28, 2014 at 3:01 AM

Updated Monday, Jul 28 at 3:01 AM

LOUISVILLE, Ky. (AP) — The group seeking to build a proposed Noah's Ark theme park in Grant County is once again seeking approval of tax incentives.

The Courier-Journal (http://cjky.it/1lKm4XI) reports Ark Encounter is expected to return to Frankfort on Tuesday to seek the incentives.

Three years ago, the group won approval of incentives for its entire $172.5 million project. But because of funding problems, it withdrew that application and now is seeking approval for a $73 million first phase of the biblical theme park.

Ark Encounter is applying to participate in a program that allows eligible tourism attractions a rebate of 25 percent of the sales tax they collect on admission tickets, souvenirs, food and other things over 10 years. For this application the rebates would be as much as $18.25 million.

"We can begin construction as soon as we get preliminary approval," said Mike Zovath, Ark Encounter's project coordinator. "And we expect to get that because the project fits all the criteria for the tourism act."

The park is expected to open in the summer of 2016.

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Information from: The Courier-Journal, http://www.courier-journal.com

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