Hotel and Two Bourbon Projects Approved For Tourism Incentives

FRANKFORT, Ky. – The Kentucky Tourism Development Finance Authority has approved incentives for a Covington hotel project and two bourbon-related projects in Louisville and Woodford County.

The approved projects are:

-          638 Madison LLC, developer of Hotel Covington, a boutique hotel being developed in the former Covington city hall. The hotel will have 114 rooms and a restaurant. Developers plan to spend $20.3 million and can qualify for up to $5.08 million in tax rebates over a 10 year period.

-          The Jim Beam Urban Stillhouse, a distillery experience located on Fourth Street Live! In downtown Louisville.  The development is expected to cost $5.2 million and will qualify for up to $1.18 million in tax rebates over a 10-year period.

-          Peristyle LLC, a renovation of the former Old Taylor Distillery in Woodford County. The distillery, built in 1887, will be refurbished, and visitors will be able to tour a craft distilling operation. There will also be space for special events. The expenditure related to tourism development is $6.79 million, which results in a tax rebate of up to $1.71 million over 10 years.

Reports on the three applications found that they met the requirements necessary to receive incentives. This includes meeting a minimum expenditure requirement, being open more than 100 days a year, attracting at least 25 percent of visitors from outside the state by its fourth year of operation and having a positive net economic impact on the Kentucky economy.

The authority considers applications under the Kentucky Tourism Development Act, which allows eligible tourism attractions a rebate of sales tax up to 25 percent of project capital costs.

Appalachian Community Health Days
Panco Youth Center - 9626 KY Highway 1482, Oneida, KY

For more information CLICK HERE or contact the Kentucky Homeplace Community Health Worker for Clay County, Kimberly Smith at 606-599-1039 or [email protected]
Brought to you by:
Kentucky Homeplace and the University of Kentucky Center of Excellence in Rural Health.

ELECT Freddy Thompson for Clay County Clerk

Kevin Johnson for Clay County Judge Executive

Kevin Johnson for Clay County Judge Executive




Morgans's Professional Pharmacy

Rominger Funeral Home


I Gotta Guy - Construction and handyman for over 25 years in the Laurel County area

Sam Harrod

DUBLE J 2019 380

Clay County Cruisers


Submit Press Releases
[email protected]