- Associated Press - Tuesday, May 13, 2014

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.

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