LOUISVILLE, Ky. (WDRB) -- The state of Kentucky today cleared the way for the opening of Bluegrass Boardwalk on the old Kentucky Kingdom site.
It's stood empty for more than two years.
But today Bluegrass Boardwalk got the green light.
The state approved nearly 4-million dollars in tax rebates for park owners.
Now all they have to do is finalize 15-million dollars in finances before they open the water park in 2014.
While the one year delay is disappointing, people are excited to bring more business to the city.
Jim Wood, President of Louisville Convention and Visitors Bureau, says, "The hotels are going to benefit because people are coming from out of town, 4th Street Live is going to benefit because they'll be serving meals to guests. It is really a catalyst for economic growth."
Mike Kamp, owner of Bluegrass Boardwalk, says, "There are more steps that have to be taken, this is a major piece of the puzzle and we're very happy to have this piece as we move forward."
The owners are signing off on other finances at the end of the month.
The state fair board is expected to give final approval of their request to open in mid August.
Copyright 2012 WDRB News. All Rights Reserved.
