Thursday, August 11, 2011

Ark ’n Park To Get Huge Property Tax Discounts is reporting new developments in the promotion of the Ark ’n Park involving Property Tax. Linda Blackford writes:
The city of Williamstown in Grant County has agreed to give a biblically themed amusement park a property tax discount of 75 percent over the next 30 years.

Mayor Rick Skinner said the offer is laid out in a memorandum of agreement that will be followed by a formal tax-increment financing deal with Petersburg-based Ark Encounters LLC in coming months.

The tax deal is in addition to almost $200,000 given to the company by Grant County's economic development arm as an enticement to keep the project located there, along with 100 acres of reduced-price land.

And that's not counting the state's promise of $40 million worth of sales tax rebates and a possible $11 million in improvements to the interstate near the project that would be financed by the Kentucky Transportation Cabinet.
Gee, do you think they are excited about having it there? Answers in Genesis is now being referred to as “the developers.” Well, at least the mask is off.

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