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hfojvt

(37,573 posts)
3. perhaps because
Sun Aug 3, 2014, 12:48 PM
Aug 2014

a) they are investing $172 million
on
b) something that will generate perhaps $7,000,000 in sales taxes every year (meaning, what $87 million in sales?) That's a lot of revenue, and a lot of potential jobs.

They don't really GET any money. What they do is collect an extra $7,000,000 in sales taxes and they keep 1/4 of that, or $1,750,000. In this arrangement the state is still $5.25 million ahead every year.

Okay, let's say Kentucky plays hardball, says "we want ALL of the extra $7,000,000 in sales tax". Well, then the investment group can just take its $172 million across the river into Indiana (or Ohio, or Tennessee) which will give them some incentive and then Kentucky gets ZERO and Indiana gets the $7,000,000 and the $172 million (in construction contracts) and all the jobs too and all the extra tourism that this attraction might bring.

In the same way, Kansas City gave a verruckt amount of incentives to Schlitterbahn why should the state discriminate against a goofy religious water park?

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