Arizona Film Studios to Break Ground Following Tax Incentive (EXCLUSIVE)
Gene Maddaus Senior Media WriterTwo Arizona studio projects are preparing to break ground next year, now that the state has approved a $125 million incentive for film and TV production.Acacia Filmed Entertainment unveiled its plans Monday to build 14 soundstages on a 70-acre site in the Scottsdale area. The other project, Desert Studios Complex, is slated to be built in Buckeye, in the Southwest Valley.Both projects were intimately involved in designing and lobbying for the state’s new tax credit, which is targeted to incentivize construction of new soundstage facilities.“We basically helped craft this bill so we could help protect the ability to finance the studio,” said Matthew George, president of Acacia Filmed Entertainment.