Wednesday, May 07, 2008

Tennessee AG OK's Bible Park Financing Under State, But Not Federal, Law

Tennessee's Attorney General, Robert Cooper, issued an opinion yesterday ruling that Tennessee law permits the use of public funds to support the development of Bible Park USA, but left open the question of whether public funding for the theme park would violate the Establishment Clause of the federal constitution. Yesterday's Murfreesboro Daily News Journal and Legal Newsline report that Bible Park USA developers and Rutherford County Mayor Ernest Burgess have proposed a possible tax-increment financing arrangement that would allocate most of the property tax revenue from the park and a 5% privilege tax on sales inside the park to pay down bonds issued to finance construction. (See prior related posting.)