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Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
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Somerset Hotel project approved for tourism incentives The proposed hotel will be within walking distance of the Center for Rural Development. By Gil Lawson News from the KY Tourism Development Finance Authority FRANKFORT, KY - The Kentucky Tourism Development Finance Authority today approved incentives for a 105-room hotel development in Somerset. Somerset Center Hotel plans to develop a Courtyard by Marriott adjacent to the Center for Rural Development. The $11.5 million project qualifies for an incentive of $2.55 million in the form of a tax rebate over10 years. A consultant's report on the Somerset project found that it met the requirements necessary to receive incentives. This includes meeting a minimum expenditure requirement, being open more than 100 days a year, attracting at least 25 percent of visitors from outside the state by its fourth year of operation and having a positive net economic impact on the Kentucky economy. The proposed hotel will have an indoor pool, business center and reception area. It will be within walking distance of the Center for Rural Development. The authority gave preliminary approval to two other projects related to the bourbon industry:
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 attracting at least 25 percent of guests from out of state. The rebate is based on sales tax generated by the tourism attraction. This story was posted on 2014-12-10 17:04:58
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