Williamstown, Kentucky has agreed to give the Ark Encounter theme park a 75 percent property tax discount for 30 years.
The park will present a literal interpretation of the Book of Genesis and feature a replica of Noah's Ark that will contain dinosaurs.
The mayor of Williamstown says even with the tax breaks, the park will bring in more revenue than the empty land it will be built on.
The park will also receive millions of dollars in tax breaks from the state. The incentives have been widely criticized as a violation of the separation of church and state, since many see the park as a tool for spreading religion and not simply a tourist attraction.
Ground will likely be broken on the project later this year.
Additional information from the Associated Press