Posted 26 April, 2009 in Uncategorized
By COREY WILLIAMS
FROM BUSINESSWEEK
ALLEN PARK, MICHIGAN
Michigan’s pool of skilled and unskilled labor along with the state’s attractive tax incentives for moviemakers have helped lure a $146 million film and television production complex to the Detroit area.
That’s very good news for the region, which has one of the country’s highest unemployment rates.
The complex will be built on 105 acres (42 hectares) in Allen Park, just outside Detroit, officials said at a Tuesday afternoon news conference.
Its eight sound stages will be housed in a 750,000-square-foot (69,677-square-meter) production and post-production facility. Equipment rentals, sound and music recording facilities and animation design also will be housed in the facility.
Allen Park beat out a location in Louisiana for the complex, said Unity Studios Inc. President Jimmy Lifton, a former Detroit area native.
Groundbreaking is expected to take place within 60 days with the studio going operational in October, Lifton told reporters, union members and Allen Park residents in city council chambers.
Michigan has been drawing more moviemakers since the tax incentives went into effect last year. The refundable movie tax credit of up to 42 percent on production expenses in the state is the most lucrative in the country.
Officials in February announced planned production studios in Detroit and Pontiac that are expected to bring thousands of jobs.
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