County that shelled out tax rebates for creationist Ken Ham's Ark museum 'teetering on bankruptcy' [View all]
Source: RawStory
BRAD REED
27 FEB 2017 AT 13:44 ET
When Grant County, Kentucky decided to shell out as much as $18 million in tax incentives to creationist Ken Ham’s Ark Encounter museum, it made a bet that it was going to become a major tourist attraction.
Instead, as local news station WKYT reports, the Ark hasn’t brought in nearly as much money to the area’s economy as once projected, and the county itself is now “teetering on bankruptcy.”
“It’s been a great thing but it’s not brought us any money,” Grant County Judge-Executive Steve Wood said while taking a break during a recent budget meeting, according to WKYT.
Grant County faces a major budget shortfall that Wood has said might have to be solved through a combination of a 2% payroll tax and job cuts to the county’s workers.
Read more: http://www.rawstory.com/2017/02/county-that-shelled-out-tax-rebates-for-creationist-ken-hams-ark-museum-teetering-on-bankruptcy/
= new reply since forum marked as read
