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Tourism Development Act
Kentucky — state programup to 25 percent of the project's development costs over a 10-year term; up to 50 percent of the development costs over a 20-year term for eligible lodging facilities on state park, federal park or national forest lands
Provides developers of approved new or expanding tourism projects the ability to recover a percentage of the project's development costs over a multi-year term. Projects on state park, federal park, or national forest lands may recover a higher percentage over a longer term.
Program details
- Type
- incentive
- Amount
- up to 25 percent of the project's development costs over a 10-year term; up to 50 percent of the development costs over a 20-year term for eligible lodging facilities on state park, federal park or national forest lands
- Eligibility
- Developers of approved new or expanding tourism projects, including lodging facilities constructed on state park, federal park, or national forest lands.
- Administrator
- Kentucky Tourism, Arts and Heritage Cabinet
Source: Kentucky — state program. Confirm current terms with the administering agency before applying.