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Article: LEASE ANNOUNCED FOR KENTUCKY HORSE PARK HOTEL
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 17, 2007
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The Kentucky Controller issued the following news release:
Kentucky Governor Ernie Fletcher today announced that the Commonwealth of Kentucky has signed a lease agreement with Bluegrass Equine & Tourism Foundation, Inc. of Lexington to build a resort hotel at the Kentucky Horse Park.
This project marks the first time any luxury resort hotel will be built by a private developer on public land in the Commonwealth.
A recent economic impact study conducted by Economics Research Associates on behalf of the Kentucky Commerce Cabinet found that the proposed resort hotel at the Kentucky Horse Park could:
* Generate $819 million in incremental trade and goods in the Commonwealth;
* Generate ...