LEXINGTON, KY - The Kentucky Department of Travel has released the state and local economic impact figures of the Kentucky Horse Park for the 2003 calendar year. As expected, the park had a significant economic impact on Kentucky and Bluegrass area economies.
The Kentucky Horse Park had an economic impact of $163.7 million in total expenditures into the Kentucky economy in 2003, generating direct expenditures of $100.2 million, and indirect expenditures of $63.5 million. The international blockbuster exhibition, All the Queen’s Horses, accounted for $21.6 million of the total direct expenditures spent in Kentucky in 2003. By comparison, the Imperial China exhibition, presented in 2000 accounted for $14.4 million out of direct expenditures of $82.2 million and indirect expenditures of $50.2 million.
The Kentucky Horse Park also generated $17.7 million in total taxes, with $15 million in state taxes and $2.8 million in local taxes. In addition, more than 4,000 jobs were generated in 2003 as a direct result of Kentucky Horse Park facilities and activities.
“Once again, these numbers confirm that the Kentucky Horse Park is one of the commonwealth’s great success stories,” said John Nicholson, Executive Director of the Kentucky Horse Park. “With the support the park is currently receiving from the Fletcher administration, future economic impact figures promise to be even more impressive.”
Known as the “The place to get close to horses,” the Kentucky Horse Park is the largest state-owned tourist attraction in Kentucky, and the largest attraction in the Bluegrass Region. The park hosts more than 80 horse shows and special events annually, and presents special gallery exhibitions, educational classes and art programs that educate and entertain visitors from across Kentucky and around the world. The Kentucky Horse Park is also home to the National Horse Center, a collection of 20 national, state and regional equine associations and organizations.
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The Kentucky Horse Park is a working horse farm/theme park and equine competition facility dedicated to man’s relationship with the horse. The park is an agency of the Kentucky Commerce Cabinet that hosted 913,000 visitors and 80 special events and horse shows in 2003. The park is located at Exit 120, Interstate 75, just North of Lexington. The place to get close to horses, the park is open daily March 15 to October 31, and Wednesday through Sunday, November 1 to March 14.