Ark Encounter Just The Latest Example Of Why Boats Are Bad Investments

By: Harold Leeder

July 21, 2017

The full-scale replica of Noah’s Ark, filled with really cool dinosaurs but none of the good transformers, was created by Answers In Genesis leader Ken Ham opened on July 7 2016. Officials have said the cost of the park at it’s opening exceeded $100 million, but now, just a scant year later, the Ark has been sold for a mere $10 proving, again, that boat’s don’t hold their value.

“It’s disheartening man,” said local houseboat enthusiast Dan Glass, “my dad always warned me that boats lose their value, but to see the ark sold for $10 after costing however much to build, really makes you think about that pontoon I’ve always wanted.”

Ham explained the reasoning for the reduced price, “You try finding parts for a boat that’s almost 3,000 years old. You know how much a 3,000 year old outboard motor is? Me either, but if you can find one remember we won’t pay taxes on it.”

As Ham alluded to, many have accused the religious organization that owns the park, of taking tax breaks to build the Ark replica, then selling it back to themselves for a mere $10 in order to avoid any future taxes. Not everyone has the same nefarious suspicions, Glass told us “Even at $10 I think he overpaid, you’re not going to get any good tubing off the back of that thing.”

In the worst spin move Northern Kentucky has seen since Jared Lorenzen played for the River Monsters, the Ark Encounter attempted to distract from the questions about the potential tax evasion by lighting up their boat with rainbow lights. Ham said of the lights, “I’ve projected this rainbow on the ark as part of a covenant with the people of Grant County to show them that, while I did have sell the venture from one arm of my business to another to potentially avoid paying a boatload of money in taxes despite the fact that all of this was only possible because of tax breaks and support from the community, I will never do that again. And every time they see rainbow lights they will remember the promise I made to them to not cheat them out of anymore tax money.”

Glass concluded by saying, “If they’re hard up for money and they haven’t done a two for one sale yet then what are they even doing?”