from today's Los Angeles Times (9/19):
Plan to convert an empty airplane hangar into a film studio is taking off
Investors are in escrow to buy the Long Beach site from Boeing and have secured financing for the $500-million project.
By Roger Vincent
Los Angeles Times Staff Writer
September 19, 2008
"Plans for a massive indoor movie studio are underway in Long Beach, where the buyers of a former aerospace plant say they will build a $500-million soundstage facility that would rival the largest established Hollywood studios in scope.
A group of investors led by character actor Jack O'Halloran has already secured financing to convert a closed former Boeing site next to the Long Beach Airport into an elaborate self-contained production facility with 40 soundstages, a water tank stage, offices, commissary, bungalows, a private hotel and an indoor set of a New York street.
The group is already in escrow to buy the facility, a 1.1-million-square-foot behemoth created in the 1950s to build jetliners.
The proposal has won the enthusiastic approval of Long Beach officials, who had fretted that in the troubled economy they would be unable to put anything other than a parking lot on the site." ...
for the complete story
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