Deep South Studios’ $64 Million Movie Studio Secures Final Approval

by • December 2, 2015 • NewsComments (0)3641

Rendering of Deep South Studios

Rendering of Deep South Studios

The New Orleans City Council gave the final approval for $64 Million Deep South Studios movie studio on Tuesday (Dec 1.).

The unanimous vote clears the path for the 254,000-square-foot facility that will be the biggest in the south.

The project from developer Scott Niemeyer is envisioned as a 19 acre movie studio complex, complete with five sound stages covering 104,000 square feet, 100,000 square feet of office space, two production buildings at 50,000 square feet each and five other buildings for back office support, storage, and lighting.   This will be the largest production site between Atlanta and Albuquerque, N.M..

 

The city council approved the measure last month, and the Industrial Development Board of New Orleans approved a $3.1 million break for the facility in the form of a payment in lieu of taxes over 10 years.   Developer Scott Niemeyer plans to raise equity from the EB-5 Immigrant Investor Program.

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