Project Name: Flip City
Project Intent: Rebuild Old Factory Town into Motion Picture, Television Production Facilities by Building Studios, SPA Resort, and High-Speed Data Center
Major Benefit: Redevelopment of undervalued Real Estate, Job Creation, Economic Profits from sale of entertainment. 5 YR Budget Projected at $7.4 B USD
10,500 Sustainable Jobs Created (Over 5 Years)
“Canal Street Studios – 400,000 sf Production Studios”
Studios needed in New England.
Massachusetts now has one of the most attractive tax incentive programs in the country for filmmakers. There are currently 40 films ready to begin production in the New England area. These films would mean over $500,000,000 in Statewide spending.
Currently there is only one major facility being built for film production in the New England area.
Comparison with New York
New York has 900,000 square feet of stage space available for production Silvercup Studios in NY (18 soundstages) has a three-year waiting list
Currently New England has:
- 30,000 sq. ft of stage space
- 120,000 sq. ft of support space
There’s a great need for studio space.
Studio Development
State of the art entertainment studios. 400,000 sq feet of space. The largest on the East Coast with a city as its backdrop for dozens of productions annually. Holyoke is ‘New York City Streetscape’.
