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Lionsgate Planning $100 Million New York Studio Complex

Y2kTheNewOldies

Y2kTheNewOldies

https://variety.com/2019/tv/news/lionsgate-new-york-studio-complex-1203324370/

Great Point Capital Management has signed a deal with Lionsgate to build a new production facility in Yonkers, NY, with Lionsgate becoming a long-term anchor tenant and investor.

As anchor tenant, Lionsgate will have naming rights to the studio. Construction on the site will start in November, and the facility will be running in late autumn 2020.

The $100 million complex will include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational back lot and the opportunity to create a location-based entertainment property. Lionsgate has already established similar properties in China and the Middle East.

Great Point is a media-focused investment fund run by Robert Halmi and Fehmi Zeko. National Resources will be an investment partner and project developer, responsible for all phases of design and construction of the studio complex.
Click to expand...


This is proposed to open in 2020.
 
Just where I'd want to go to make creative and imaginative productions: Yonkers. Not!

Seems like one tremendous waste of money.
 
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