Tourism, Arts and Heritage Cabinet
Two Louisville Tourism Projects Receive Preliminary Approval For Incentives

Press Release Date:  Friday, November 20, 2015  
Contact Information:  Gil Lawson,
502-564-4270, ext 168
 


FRANKFORT, Ky. – The Kentucky Tourism Development Finance Authority today gave preliminary approval to two tourism projects in Louisville.

 

The authority gave preliminary approval to Paristown Pointe Preservation Trust for a $28.6 million cultural arts and entertainment district near downtown Louisville that will include restoration of a historic neighborhood with dining, entertainment and retail options. The project could receive up to $7.2 million in tax rebates.

 

The three anchors for the project are Louisville Stoneware, a performance venue operated by the Kentucky Center for the Arts and Goodwood Brewery.

 

The authority also gave preliminary approval to Rabbit Hole Distilling LLC, which is proposing a $12.7 million entertainment facility that will include a distillery, tasting room, gift shop and event space at a warehouse at 711 E. Jefferson St. The project could receive up to $3.2 million in tax rebates.

 

Both projects will now undergo a review process to determine if they meet the legal requirements 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 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.

 

 

 

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