What is the Ark Encounter theme park's actual property value? Depends who you ask.
Ark Encounter/Answers in Genesis photo
(Grant County, Ky) - The Grant County Board of Education is suing Ark Encounter theme park.
The BOE claims the park is worth nearly three times its $48 million appraisal. The board says it used documents from Ark Encounter's owners to come up with a value of $130 million.
The county's property valuation administrator's 2017 estimate has caused the school corporation to miss out on nearly $500,000 in property taxes.
The Christian-based park in Williamstown said Tuesday it won't comment on the lawsuit.
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