Film News Roundup: Lionsgate Completes Financing for Studio in Yonkers, New York
Published on Apr 08, 2020
In today’s film news roundup, Lionsgate’s new studio is getting final financing, “American Nurse’ is getting re-released, Sony is launching Kid Zone and the SAG-aftra Foundation’s relief fund has given out $1 million.
Lionsgate, Great Point Capital Management and real estate company National Resources have secured a $40 million loan from Cit Bank to complete financing for Lionsgate’s film-tv studio complex in Yonkers, N.Y.
Plans for the 100,000-square-foot production center were unveiled last year with Gpc and National Resources building for Lionsgate, which will be the long-term anchor tenant and will retain naming rights.
At least one of the three 20,000-square-foot stages is expected to be operational later this year. The production facility will also comprise two 10,000-square-foot stages, offices and parking space.
“Cit is a leader in community-driven projects and our financial support for this development will help bring jobs and revenue into Yonkers at a critical time,
Read full article at: Variety - Film News
Author: Dave McNary