TS Entertainment LLC has taken an important step toward bringing a new entertainment destination to the former Towne Square Mall site on South Frederica Street. The project has been approved for $2 million in incentives under the Kentucky Tourism Development Act (KTDA), a program designed to support projects that enhance tourism and stimulate local economies.
If realized, this $17.77 million investment would transform 5000 Frederica St. into a multi-attraction entertainment venue. The project has the potential to revitalize the area, create new jobs, and draw visitors from across the region.
“We’re grateful for the support from the state as we move forward in this process,” shared Tony Yager of TS Entertainment LLC. “Receiving KTDA approval is an exciting milestone, but there’s still work to be done. As we continue refining our plans, community engagement and local support will be key to making this vision a reality. We’re excited to keep moving forward.”
TS Entertainment LLC is continuing to explore the feasibility of the project, working with local and state partners to evaluate the next steps.
“We’re excited to continue working alongside TS Entertainment as they explore this opportunity,” shared Claude Bacon, President & CEO of the Greater Owensboro Economic Development Corporation. “Securing KTDA incentives is a great next step, and we look forward to seeing how this project continues to develop.”
TS Entertainment LLC anticipates that the development could create 75 full-time and 50 part-time permanent jobs upon completion of the projected two-year timeline. Additionally, the attraction has the potential to bring significant tourism growth, with estimates indicating out-of-state visitors could make up 25% of guests in year one, increasing to 35% by year five.
“At Visit Owensboro, we are driving tourism forward as the community gains momentum on both a statewide and national scale, shared Mark Calitri, President of Visit Owensboro. “With the Owensboro Convention Center setting all-time records, a new downtown hotel almost complete, a state-of-the-art sports complex under construction, our destination is thriving. This news is a great first step towards this exciting potential project.”
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Email: saldridge@owensboro.com