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Lebam in LA

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Member since: Wed Nov 29, 2006, 05:30 PM
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Creationists Sell Christian Theme Park To Themselves To Avoid $700,000 In Taxes

And God said unto Noah, "Avoid thy financial obligations."

Officials in Williamston, Ky., are worried that revenue generated by Ark Encounter, an Old Testament-themed amusement park, may soon dry up following an odd maneuvering by the property's owners.

Ark Encounter LLC sold its primary plot of land to its nonprofit affiliate for just $10 despite the property being valued as high as $48 million, the Lexington Herald-Leader reports, which could be the home of the giant Noah's Ark replica's preliminary move to declaring itself exempt from having to pay taxes.

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