Ark Encounter, a proposed creationist theme park to be located in northern Kentucky, has been granted a 75 percent property tax break for the next 30 years by the city of Williamstown, Kentucky. This is in addition to nearly $200,000 given to the project’s developer by Grant County’s economic development arm, as well as 100 acres of reduced-price land.
The Kentucky Tourism Development Finance Authority previously approved tax incentives for the theme park. According to the National Center for Science Education, the “tax incentives will allow Ark Encounter to recoup 25 percent of its development costs by retaining the sales tax generated by the project. With the development costs of the park estimated at 150 million dollars, the incentives would amount to 37.5 million dollars over ten years.”
The religious theme park will feature a full scale replica of Noah’s Ark. Construction of the project is expected to be completed with private funds.
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