Two venues for bourbon tourism received final approval from the Kentucky Tourism Development Finance Authority for incentives.
Peristyle, which is renovating the former Old Taylor Distillery in Woodford County, received approval for a tax rebate of up to $1.71 million over 10 years. The company plans to refurbish the 128-year-old distillery; $6.79 million will be spent on tourism development including a craft distillery that can be toured and special event space.
In Louisville, Jim Beam received final approval for up to $1.18 million in tax rebates over a 10-year period for a $5.2 million distillery experience, the Jim Beam Urban Stillhouse, to be located on Fourth Street Live downtown.
The tourism finance authority also approved up to $5.08 million in tax rebates for the $20.3 million boutique Hotel Covington in that town's former city hall, being developed by 638 Madison. The hotel will have 114 rooms and a restaurant.