At Williams Luxury Homes, we recognize that Greater Phoenix is no longer simply a desert oasis. It is a thriving metropolis boasting a myriad of industries, from technology to entertainment. Recently, the state of Arizona implemented a tax incentive program to attract big studios. Below is the latest info in regards to the incentive as well as Desert Studios being built in Buckeye.
The recently introduced tax incentive program for film and TV projects is one of the key factors driving the growth of the entertainment industry in Arizona. Desert Studios, a full-service studio development project in Buckeye, is testament to this. With plans for 52 soundstages spread over 320-acres, this $900 million project represents the future of film and television production in Arizona.
Arizona’s competitive edge in the film industry is solidified by its tax incentives. The current tax credit has a cap of $75 million, set to increase to $125 million by 2025. The stipulation that productions must film on a soundstage of at least 10,000 square feet further attracts significant industry projects to the area.
Desert Studios offers facilities tailored to industry needs, with the first phase of construction comprising 12 soundstages that can be divided into two 20,000 square foot stages each. Additional facilities include production offices, post-production and editing facilities, equipment rental, set construction, craft services, and catering buildings.
Also Read: Why Are Californians Moving To Arizona?
Greater Phoenix, often referred to as the Valley of the Sun, is the vast metropolitan area centering around Phoenix, Arizona. It’s the heart of the Sonoran Desert. We see it as an oasis of opportunity, culture, and beauty. Known primarily for its stunning landscapes and sun-drenched climate, Greater Phoenix is also rapidly becoming a beacon for various industries, including technology and entertainment. Here are ten things you should know about Greater Phoenix:
Greater Phoenix is a blend of dynamic city living and awe-inspiring natural beauty. It’s a region that thrives on diversity, innovation, and the enduring spirit of the American Southwest. Greater Phoenix is not only an excellent place to live, but also a region with exciting potential.
The unfolding story of Greater Phoenix’s growth in the entertainment industry is a clear indicator of the evolving appeal of this region. Williams Luxury Homes is here to navigate this dynamic landscape, ensuring our clients are not only acquiring luxury real estate but also investing in an area of expanding opportunities and promise. Contact us today to learn more about how we can help. Additionally, don’t forget to keep checking back on LUXE BLOG. We consistently add solid info to help you make the right decision about buying/selling here.