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$63.5 million Deep South Film Studios proposed for New Orleans Metro
Posted on 6/11/14 at 11:03 pm
Posted on 6/11/14 at 11:03 pm
quote:
A movie producer with experience in Hollywood and the booming "Hollywood South" scene in Louisiana hopes to build a $63.5 million movie production campus in Algiers near the Crescent City Connection.
Scott Niemeyer of Gold Circle Films said Deep South Studios would be located on nearly 19 acres of land and offer five sound stages, two production buildings and other space for a total 262,000-square-foot facility. It would be the largest in the region with the nearest similarly sized studios in Atlanta and Albuquerque.
quote:
Niemeyer left Algiers in the 1980s for the West Coast after school. But he recently returned home, buying a condo in the Warehouse District, after the state's film production tax incentive program set off a boom in Louisiana-based production activity, dubbed "Hollywood South." Among other work, he produced the campus musical "Pitch Perfect" and its in-progress sequel, both in Baton Rouge.
He is an officer in the Louisiana Film & Entertainment Association and has been a vocal supporter of state film tax incentives.
Niemeyer said he intends on raising $49.5 million in foreign investment for the project through a federal program granting visas to immigrants who invest in new commercial enterprises in the U.S., known as the "EB-5" program.
LINK
This post was edited on 6/11/14 at 11:06 pm
8
Posted on 6/11/14 at 11:04 pm to Sentrius
Bat Signal activate. 
Posted on 6/11/14 at 11:05 pm to Y.A. Tittle
quote:
Bat signal activate.
Posted on 6/11/14 at 11:06 pm to Y.A. Tittle
My thoughts exactly. 
My only critique is that you simply need to place the cheese; an alarm and accompanying strobe light might be too conspicuous.
My only critique is that you simply need to place the cheese; an alarm and accompanying strobe light might be too conspicuous.
Posted on 6/11/14 at 11:09 pm to Sentrius
film credits, bobby jindal, rabble rabble
Posted on 6/11/14 at 11:13 pm to Ryne Sandberg
quote:
film credits, bobby jindal, rabble rabble
came here to post this
Posted on 6/11/14 at 11:22 pm to Sentrius
I wish I was at my computer to photoshop the Hollywood sign into an IBFreeman sign.. It would be his bat signal
Posted on 6/11/14 at 11:25 pm to Sentrius
The state doesn't subsidize infrastructure, so I have no problem with this project.
The only kinda screwy thing is that the government is granting citizenship to foreigners who send money to this guy. Don't have a problem with foreigners and its not our money so good luck to them. Hope it works out.
The only kinda screwy thing is that the government is granting citizenship to foreigners who send money to this guy. Don't have a problem with foreigners and its not our money so good luck to them. Hope it works out.
Posted on 6/11/14 at 11:35 pm to Asgard Device
quote:
The only kinda screwy thing is that the government is granting citizenship to foreigners who send money to this guy. Don't have a problem with foreigners and its not our money so good luck to them. Hope it works out.
The EB5 program has been around for 20 years or so, although it's really ramped up in the past 3 years. It's essentially become rich Chinese buying green cards - particularly now that Canada outlawed their version of it earlier this year.
Posted on 6/11/14 at 11:44 pm to Big Scrub TX
This post was edited on 6/11/14 at 11:45 pm
Posted on 6/11/14 at 11:52 pm to Ryne Sandberg
California taxes driving business away.
A trivia that a lot if people don't know.
Jacksonville Florida was the original movie production capital if America, but they didn't like people working on Sundays and thought the actors and actresses might be a bad influence on the town.
The movie industry eventualy packed up and moved to California.
I am a trivia buff.
A trivia that a lot if people don't know.
Jacksonville Florida was the original movie production capital if America, but they didn't like people working on Sundays and thought the actors and actresses might be a bad influence on the town.
The movie industry eventualy packed up and moved to California.
I am a trivia buff.
This post was edited on 6/11/14 at 11:54 pm
Posted on 6/11/14 at 11:56 pm to S.E.C. Crazy
quote:Its hard to believe in 2014 that Jacksonville was such a moral high ground.
Jacksonville Florida was the original movie production capital if America, but they didn't like people working on Sundays and thought the actors and actresses might be a bad influence on the town.
Look where it got them...
Posted on 6/11/14 at 11:58 pm to mmcgrath
quote:
Look where it got them..
the jaguars
Posted on 6/12/14 at 11:53 am to WeeWee
quote:
the jaguars
Tim Tebow and some really nice golf courses.
Posted on 6/12/14 at 12:12 pm to Sentrius
Paging IP Freely.
Posted on 6/12/14 at 12:25 pm to Asgard Device
quote:
The state doesn't subsidize infrastructure, so I have no problem with this project
Uhhh... all of the plants being built in S. Louisiana currently with state tax incentives say hello.
Yes, the film tax credits don't go for this... but you can bet the state will support this in some way.
Posted on 6/12/14 at 12:29 pm to LSUFanHouston
quote:
Yes, the film tax credits don't go for this... but you can bet the state will support this in some way.
I assume the reason and rationale is, this is the type of thing the direct tax credits are designed to spur, and that is what is going on here.
Or is it automatically necessary to contemplate something much more nefarious and underhanded?
Posted on 6/12/14 at 12:32 pm to Y.A. Tittle
quote:
assume the reason and rationale is, this is the type of thing the direct tax credits are designed to spur, and that is what is going on here. Or is it automatically necessary to contemplate something much more nefarious and underhanded?
For the record... I am fine with the tax credit programs. I think they help the state and the citizens much more than they cost the state in forgone tax revenue from the companies.
Specifically, this looks to be a great project and as a taxpayer I have no problems with the state supporting it.
Posted on 6/12/14 at 12:43 pm to Y.A. Tittle
quote:
I assume the reason and rationale is, this is the type of thing the direct tax credits are designed to spur, and that is what is going on here.
this was the ultimate goal....and it looks like its starting to come to fruition.
more jobs, more tourism, more money.....i say bring it.
Posted on 6/12/14 at 2:46 pm to Choctaw
Yes unfortunately there is an infrastructure subsidy too.
I think it may actually be 40% but I will have to check.
So 40% would mean $25.4 million out of our pockets.
I think it may actually be 40% but I will have to check.
So 40% would mean $25.4 million out of our pockets.
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