The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks

URL:  https://boards.fool.com/texas-and-canada-among-others-give-tax-breaks-32956618.aspx

Subject:  Re: Wealthy exodus worries in California... Date:  1/19/2018  11:46 AM
Author:  steve203 Number:  529858 of 573502

Texas and Canada (among others) give tax breaks and other aid to out of state movie companies.

Michigan used to do the same. The handouts have been sharply cut back in recent years, though Detroit still attracts some interest for appocolyptic films like the "Transformers" series.

Transformers filming in Michigan: Photos from the set at Detroit's Packard Plant

http://www.mlive.com/news/detroit/index.ssf/2016/06/next_tra...

The Detroit burb of Allen Park decided to "create jobs" by sinking tens of millions into a movie studio complex to cash in on the traffic generated by the subsidies from Lansing.

April 14, 2009 5:34PM PT
Michigan nabs $146M movie studio
Unity Studios to build complex in Detroit suburb


http://variety.com/2009/film/features/michigan-nabs-146m-mov...

The end of the subsidies dried up the traffic and pushed the city to the edge of bankruptcy.

June 13, 2014
Site of failed movie studio project that cost Allen Park millions being sold to New York firm


http://www.mlive.com/news/detroit/index.ssf/2014/06/site_of_...

Steve
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us