ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 

























 
KY Tourism Development Finance Authority approves projects

No South Central Kentucky, 7 County - Adair, Casey, Cumberland, Green, Metcalfe, Russell, Taylor - Area projects. Arts and Heritage Cabinet Approves tax incentives for Rare Breed Distillery makers of Wild Turey, on $4 million project which includes tasting room; approves $250,000 loan for adventure tourism business which includes bike trails, in Northern Kentucky; and tax credits for production of movie, "A Doll's House," in Northern Kentucky - CM

By Todd Cassidy, Gil Lawson

FRANKFORT, Ky. - The Kentucky Tourism Development Finance Authority gave final approval or preliminary approval to three tourism and film projects during its meeting Tuesday, November 22, 2011.


The authority considers applications under the Kentucky Tourism Development Act, which allows eligible tourism attractions a rebate of sales tax up to 25 percent of project capital costs over a 10-year period. Projects must meet certain criteria to be eligible, such as having a positive economic impact for the Commonwealth, and the rebate is based on performance.

The authority gave preliminary approval to an application for tax incentives to Rare Breed Distillery LLC, which operates the Wild Turkey Distillery in Lawrenceburg. The $4 million project is an expanded visitor experience that will include a tasting room, meeting space, a lounge and kitchen. A study will be conducted before final approval is given.

The authority also approved a $250,000 small business loan to Boone Creek Properties LLC, for an adventure tourism project in southern Fayette County. The plan calls for canopy tours, unique lodging opportunities, a farmers market, hiking and mountain bike trails.

The authority also reviews applications under the Kentucky Film & Entertainment Industry Incentive Program. This incentive provides approved productions the ability to earn a refundable income tax credit equal to 20 percent of their production expenditures in the state. It applies to films, television programs, commercials, documentaries and Broadway plays slated for national tours.

The authority approved incentives for a feature film called "A Doll's House," produced by ADH Productions LLC. Shooting will take place this year and early next year between Louisville and Northern Kentucky. The production expects to spend approximately $4 million in Kentucky.


This story was posted on 2011-11-25 03:19:12
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.


To sponsor news and features on ColumbiaMagazine, please use our contact form.

 






















 
 
Quick Links to Popular Features


 

ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Use the following link: http://www.columbiamagazine.com/columbiamagazinerss.php.

Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.
Phone: 270-250-2730 Fax: 270-751-0401


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia! Magazine and D'Zine, Ltd. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.