OWENSBORO, KY (WFIE) - In Daviess County, a green light for incentives to boost tourism in the Owensboro Area.
The Kentucky Tourism Development Finance Authority approved more a more than $3.5 million in incentives as part of the Kentucky Tourism Development Act.
The Riverfront Hotel Association applied to the Kentucky Tourism Development Finance Authority about six months ago for the Holiday Inn which will be built near the Owensboro Convention Center.
The Tourism Development Act gives private businesses the ability to recover up to 25% of their start up costs from the sales tax that they generate.
A few of the reasons why the Holiday Inn's application was approved is because it was near the Owensboro Convention Center, will attract 25% of it's guests from out of state and will generate state tax revenue that will go into the state's general fund.
"We are very excited to be apart of the Kentucky Tourism executive grant," says Claude M. Bacon, LinGate Vice President of Administration and Marketing. "We are very fortunate to be included in such and we think it is great for obviously the hotel. It's great for the city of Owensboro."
Bacon says they will break ground on the hotel sometime this year.