Planners said states like Georgia and Utah, which have adopted similar tax incentives, have built strong industries and have seen an economic impact multiplier of 2.5 to 3.5 for every dollar. direct investment in film and television productions.
The proximity of the facility to Los Angeles would also give it an advantage over other emerging production destinations in places like Georgia, Ohio and North Carolina by reducing the costs of transporting equipment, l team and talent, according to Graham.
Additionally, the studio’s location near the airport, which hosts daily flights to and from Los Angeles, and hotels, would make it easier for crews to travel out of state, Graham said.
The studio is said to be the first of its kind in the state and, according to planners, generates significant economic activity for the community, including direct production expenses and indirect benefits such as job creation, purchase of goods and local services, and hotel occupancy.
The installation would include three sound stages totaling 60,000 square feet, a factory space where props could be built, an office and flexible space. Although the facility is built to accommodate multiple tenants at a time, it is also possible for a single tenant to lease the entire space.
Graham said the “flexible space” could be an overflow for the office, storage, or home of small tenants such as video game producers.