Film News Roundup: Lionsgate Completes Financing for Studio in Yonkers, New York

Published on Apr 08, 2020

Film News Roundup: Lionsgate Completes Financing for Studio in Yonkers, New York

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.

Studio Financing

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