York Studios Opens Bronx, New York, Production Center
06/07/2017
Phase one of the project, known as the Michelangelo Campus, will consist of 170,000 square feet of space that will include five production stages.
Development of the campus is set to receive $36 million in conditional tax benefits over the next 25 years from the City of New York through the New York City Industrial Development Agency and generate nearly $100 million in new tax revenue for the Bronx, over 400 production industry professionals and hundreds of construction jobs.
New York City Economic Development Corporation (NYCEDC) President & CEO James Patchett said,“NYCEDC is thrilled to partner with York Studios to construct its new Michelangelo Campus. Leveraging $36 million in tax incentives, we will unlock over $50 million in private investment and bring 400 good paying jobs to the Soundview section of the Bronx."
“The York Studios project helps to advance Mayor de Blasio’s goal to create 100,000 quality jobs through City investment, and the project complements NYCEDC’s efforts to create the first Made in New York campus for film production in Brooklyn,” he said.
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