VERSAILLES, Ky. (AP) — A company is planning to restore and reopen Woodford County's Old Taylor Distillery.
Peristyle LLC has announced plans to renovate the 125-year-old facility and distill bourbon. The company plans to invest up to $6.1 million and create 10 full-time jobs.
Gov. Steve Beshear called the project "the renaissance of one of the state's most historic and iconic distilleries."
Restoration will occur over 18 months on the 83-acre complex.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program. The project was also approved for tax benefits up to $50,000 through the Kentucky Enterprise Initiative Act.