Collinsworth NFL Project, 2 Films Approved for Kentucky Incentives
A project by Ft. Thomas resident and NBC sports personality Cris Collinsworth received approval for incentives from the Kentucky Tourism Development Finance Authority, along with two feature films.
Under a new incentive program approved this year, film and television projects completed in Kentucky are eligible for up to a 30 percent tax rebate.
According to a news release, Collinsworth is the owner of a televised sports program called Pro Football Focus Weekly Report which will be filmed in Northern Kentucky. The production estimates $1 to $2 million will be spent in Kentucky.
Other film projects approved on Wednesday are a feature film called Permanent by Permanent Pictures LLC that is expected to be filmed this year and spend about $800,000 in Kentucky and a feature film called The Ultimate Legacy by ReelWorks Studios LLC with a projected Kentucky budget of $1.25 million.
The authority also gave preliminary approval to Rabbit Hole Distilling LLC for a bourbon distillery and coffee-roasting facility in downtown Louisville. The developers are proposing a $16.8 million project that will include a tasting room and meeting space. A study will now be conducted to see if the application meets the requirements for the incentive.
Requirements necessary to receive incentives include 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.
Photo: Cris Collinsworth (via Twitter)