Saturday, December 18, 2010

Kentucky tax payers to foot bill for Noah's Ark Theme Park without feasibility study

While the State of Kentucky lays off 1,300 workers, they plan to provide tax incentives for a controversial Noah's Ark theme park without independent review. Could this be another example of why the investor's journal Wall St. 24/7 has rated Kentucky the WORST RUN STATE in the U.S.A.

The Victoria Advocate reports:
Jim Waters of the government watchdog group Bluegrass Institute in Bowling Green says he thinks it's "outrageous" that the incentives (for the controversial theme park) were offered without officials ever seeing a 10,000-page feasibility study.
Ark Encounter LLC is the group building the theme park and it is the group that commissioned the study. The company says the study predicts the park will attract 1.6 million visitors in its first year and create more than 900 full- and part-time jobs in Grant County.
The Lexington Herald-Leader reports it discovered through Open Records Act requests that the state doesn't have a copy of the report. The newspaper says Ark Encounter officials declined to give the Herald-Leader a copy of the report.
Read the full article by Victoria

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