Frankfort, Kentucky, January 17, 2026
Governor Andy Beshear has revealed five new tourism development projects expected to generate approximately $118 million in economic investment and create around 298 jobs. This initiative aims to diversify Kentucky’s tourism landscape by focusing on luxury accommodations and family-friendly attractions, underlining the importance of local entrepreneurs and private investments in boosting the state’s economy. In addition, there are four more projects in the pipeline with potential investments exceeding $97 million.
Frankfort, Kentucky
Governor Andy Beshear has announced five new tourism development projects in 2025, generating an estimated $118 million in economic investment and creating approximately 298 jobs upon completion.
In a move to bolster Kentucky’s economy, Governor Andy Beshear has unveiled a robust plan focusing on tourism development. This initiative underscores the essential role of private investment and local entrepreneurs in shaping the landscape of Kentucky’s travel and hospitality sector. With reduced regulatory barriers, these projects not only aim to attract visitors but also promise substantial job opportunities for residents.
Among the projects, the expansion of high-end accommodations and family-friendly attractions signals a strategic commitment to diversifying the state’s tourism offerings. Kentucky’s emphasis on vibrant experiences reflects a recognition of the changing desires of travelers while ensuring local businesses benefit from this surge in visitors.
Details of the Approved Projects
The following projects have been approved for development, aligning with the governor’s vision for enhancing Kentucky’s tourism credentials:
- Hyatt Regency Lexington Expansion (Fayette County): An estimated $58.5 million investment to expand Kentucky’s high-end hotel offerings, projected to create 15 jobs.
- Kentucky Kingdom Theme Park (Jefferson County): A $27.5 million investment to offer a vibrant theme park experience, expected to create 105 jobs.
- Crowne Plaza Hotel (Warren County): An $8 million investment to expand accommodations, projected to create 30 jobs.
- Malibu Jack’s Indoor Theme Park (Daviess County): An $18.3 million investment to add an indoor theme park, expected to create 125 jobs.
- Grande Nicholson Event Center (Kenton County): A $5.5 million investment to provide a versatile event space, projected to create 23 jobs.
Additional Projects on the Horizon
Expanding on this momentum, the Kentucky Tourism Development Finance Authority has also granted preliminary approval to four other tourism development projects, which are expected to generate an extra $97.1 million in economic investment and create approximately 196 jobs once operational. This proactive approach displays the state’s commitment to fostering an inviting environment for tourism growth.
The Economic Impact
The anticipated $118 million in investment across these projects highlights the significance of strategic financial planning in tourism development. Governor Beshear’s initiative is projected to stimulate not just immediate job creation, but also long-term economic growth across the state. By investing in diverse attractions, the state is setting the stage for a sustainable tourism ecosystem that favors local entrepreneurs and strengthens community ties.
Supporting Infrastructure for Success
The Kentucky Tourism Development Finance Authority plays a crucial role in facilitating these projects, providing necessary support to enhance the state’s tourism infrastructure. By promoting initiatives that contribute to increased job opportunities and local economic vitality, this authority underscores the importance of partnerships between government and private sectors.
Conclusion
The announcement of these tourism development projects marks a significant step forward for Kentucky’s economic growth and community engagement. As the state diversifies its offerings, local businesses and entrepreneurs are well positioned to thrive in an evolving market. Supporting these projects not only creates jobs but also enhances the overall experience for visitors, ensuring Kentucky remains a premier destination. Community members are encouraged to stay engaged and support local businesses as they continue to navigate this promising economic landscape.
Frequently Asked Questions (FAQ)
What are the five new tourism development projects announced in Kentucky?
Governor Andy Beshear announced five new tourism development projects in 2025, generating an estimated $118 million in economic investment and creating approximately 298 jobs upon completion. These projects include:
- Hyatt Regency Lexington Expansion (Fayette County): An estimated $58.5 million investment to expand Kentucky’s high-end hotel offerings, projected to create 15 jobs.
- Kentucky Kingdom Theme Park (Jefferson County): A $27.5 million investment to offer a vibrant theme park experience, expected to create 105 jobs.
- Crowne Plaza Hotel (Warren County): An $8 million investment to expand accommodations, projected to create 30 jobs.
- Malibu Jack’s Indoor Theme Park (Daviess County): An $18.3 million investment to add an indoor theme park, expected to create 125 jobs.
- Grande Nicholson Event Center (Kenton County): A $5.5 million investment to provide a versatile event space, projected to create 23 jobs.
What is the total economic investment and job creation from these projects?
The five approved projects are expected to generate an estimated $118 million in economic investment and create approximately 298 jobs upon completion.
What other tourism development projects have been approved in Kentucky?
In addition to the five approved projects, the Kentucky Tourism Development Finance Authority granted preliminary approval to four tourism development projects, expected to generate $97.1 million in economic investment and create approximately 196 jobs once operational.
What is the significance of these tourism development projects for Kentucky?
These developments are part of Governor Beshear’s broader vision to enhance Kentucky’s tourism sector, aiming to attract a diverse range of visitors and stimulate economic growth across the state. The projects reflect a commitment to diversifying tourism offerings, from luxury accommodations to family-friendly attractions, ensuring Kentucky remains a top destination for travelers.
How does the Kentucky Tourism Development Finance Authority support these initiatives?
The Kentucky Tourism Development Finance Authority continues to support initiatives that bolster the state’s tourism infrastructure, contributing to job creation and economic vitality in local communities.
| Project Name | Location | Investment Amount | Estimated Jobs Created |
|---|---|---|---|
| Hyatt Regency Lexington Expansion | Fayette County | $58.5 million | 15 |
| Kentucky Kingdom Theme Park | Jefferson County | $27.5 million | 105 |
| Crowne Plaza Hotel | Warren County | $8 million | 30 |
| Malibu Jack’s Indoor Theme Park | Daviess County | $18.3 million | 125 |
| Grande Nicholson Event Center | Kenton County | $5.5 million | 23 |
Deeper Dive: News & Info About This Topic
HERE Resources
Kentucky Arts Council Awards $466,000 in Grants
Lexington’s Sensory-Friendly Art Show Strengthens Community Ties
Lexington, KY Marks 250 Years of Heritage and Mary Lincoln’s Birthday
Louisville and Southern Indiana Unveil Festive Holiday Events
Midway University Names Business School After James C. Bowling
Covington, Kentucky’s Small Business Program Celebrates Record Success
The Rail: Elevating Lexington’s Entertainment Scene
Celebrating the Holidays in Somerset, Kentucky
Menifee County Welcomes Film Industry with ‘M30 OXY’ Screening
Governor Beshear’s Economic Mission to Europe
Author: STAFF HERE LEXINGTON KY STAFF
The LEXINGTON STAFF WRITER represents the experienced team at HERELexingtonKY.com, your go-to source for actionable local news and information in Lexington, Fayette County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Woodland Art Fair, Crave Food and Music Festival, and Railbird Festival. Our coverage extends to key organizations like Commerce Lexington and Blue Grass Community Foundation, plus leading businesses in education, manufacturing, and technology that power the local economy such as University of Kentucky, Toyota Motor Manufacturing, and Lexmark. As part of the broader HERE network, including HEREBowlingGreen.com and HERELouisville.com, we provide comprehensive, credible insights into Kentucky's dynamic landscape.
