Posted
A state contractor concluded that the proposed Ark Encounter biblical theme park will draw enough visitors to qualify for state incentives, prompting the Kentucky Tourism Development Finance Authority to grant final approval for up to $43.1 million in sales tax rebates over 10 years.
Read more from The Courier-Journal.
But I think that the difference in the requests is huge. With the Noah project, the city/state isn't out a dime if the park fails (or even if it just does so-so). All they are going to do is reduce the city/state's sales tax revenue from the project which are sales tax dollars they wouldn't have had without the project anyway. Unless you can show that the city/state would have gotten sales tax revenues from other sources that will now not exist because they money was spent at the Noah park.
I understand that with Hart's project the city/state is being asked for money up front which would put the city/state on the hook if the project fails or just does so-so. In very difficult economic times for cities/states, I think that difference is very significant.
HAHAHAHAHA! Gay Rapture. Who would be the Jesus in that situation? Lady Gaga?
Not trying to sound blasphemous here. Sorry if it is offensive to anyone. I found it amusing.
Oh, and Jerry is my friend, on Facebook. :)
-Travis
www.youtube.com/TSVisits
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