Shiny new film and TV studio for Pennsylvania
Pennsylvania is throwing its hat into the ring in the bid to tempt film, television and commercial productions with a shiny new studio complex.
Construction has begun on Island Studios, which is located in McKees Rocks in Allegheny County to the west of the state. According to local press reports, the facility has been partly funded by the state’s Economic Growth Initiative - in this instance to the tune of $2.5m.
By the time the complex is finished in 2015, it will house a 75,000 sq ft soundproof stage and 40,000 sq ft of offices, with two production companies already signed up to lease space.
This all adds ballast to the state’s offering to filmmakers – in the historic Strip District of Pittsburgh is the 300,000 sq ft 31st Street Studios, which opened in 2012.
When you combine these shiny new studios with Pennsylvania’s current transferable tax incentive of 25%, rising to a maximum of 3% with bonus, it looks as if the Keystone State is proving a worthy competitor to the traditional production hot spots of Hollywood and New York and, more recently, states such as Louisiana which have a booming slate of projects.