First Green Film Studio in U.S. Financed With Tax Credits From National New Markets Fund

msnbc.msn.com ^ | 01/15/09

[TornadoAlley3]

Equity Investment by US Bank Supports $32 Million Second Line Stages Project in New Orleans; Louisiana's First Full-Service Studio Complex Will Serve Region's Burgeoning Film Industry and Help Revitalize Economically Distressed Community

NEW ORLEANS, LA - National New Markets Fund, LLC -- a New Markets Tax Credit (NMTC) fund created by Los Angeles-based Strategic Development Solutions (SDS) and Boston-based Economic Innovation International -- has closed $6 million in NMTC financing to help redevelop a dilapidated New Orleans warehouse and surrounding property into the nation's first green film studio.

[Mobile Vulgus]

Nice announcement. Now we wait for next week when the announcement is about the failure of the venture.

[Caipirabob]

Sounds like an exceptionally risky venture, IMHO. I'm going to read the article...I'm curious if this bank has received a "bailout" recently or plans to. Could this be the type of garbage our tax dollars are being filter to? I'm not beyond believing it...

[EQAndyBuzz]

Sounds like the people at the top of the Pyramid already got paid.

[OrioleFan]

Metro Goldwyn Mire

[Cyclone59]

I would like to see exactly how “green” this film claims to be. Imagine the wasted left over food that gets thrown away, the number of plastic water bottle that end up in the landfill.

[OrioleFan]

Liberals never look at all the issues when they are “on a roll.”