Gavin Newsom Gene Maddaus-Senior Los Angeles county Valley city San Fernando, county Valley Hollywood film shootings Gavin Newsom Gene Maddaus-Senior Los Angeles county Valley city San Fernando, county Valley

San Fernando Valley Studio Project Delayed Long Enough to Claim New Tax Credit

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variety.com

Gene Maddaus Senior Media WriterSeven years ago, a developer floated a plan to build a new TV and film production facility on the site of an old gravel pit in the San Fernando Valley.

It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states.The neighbors didn’t like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation.But now, that long delay looks like a lucky break.Last week, Gov.

Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities.

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