State Approves Tax Breaks for Bluegrass Boardwalk
The Kentucky Tourism Cabinet has approved tax incentives for the re-opening of the Kentucky Kingdom theme park. The Bluegrass Boardwalk corporation could get up to $3.9 million in tax breaks over the next decade for investing in the park, attracting out-of-state visitors and creating jobs. The company, which is owned by the same family that owns the Holiday World park in Indiana, plans to spend $15.6 million repairing and renovating Kentucky Kingdom.
Originally, family members hoped to open the park next year, but they have recently delayed the re-opening until 2014, citing poor maintenance of the park. Kentucky Kingdom has been closed since 2009, when previous owner Six Flags declared bankruptcy.