LOUISVILLE, Ky. (WDRB) -- Louisville metro government inches closer to helping fund the reopening of Kentucky Kingdom.
The metro council budget committee Thursday night approved an agreement for the city to pay $100,000 a year as long as the park meets specific, yearly job targets.
That includes the creation of more than 700 jobs by 2017.
Occupational taxes will also generate $100,000 a year.
And the Louisville Convention and Visitors Bureau will provide $100,000 a year for five years.
The city gets a refund of some of its investment if the park is sold.
The full council must still approve the deal.
A group led by developer Ed Hart has signed a long-term lease, and hopes to reopen the park by next summer.
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