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Studio gets preliminary OK on bonds

5 years ago January 15, 2010 Jan 15, 2010 Friday, January 15 2010 Friday, January 15, 2010 5:04:29 AM CST in News
Source: Associated Press
By: Andrea Fontenot

A Baton Rouge film studio project has won preliminary approval for $265 million in bonds.

The Louisiana Public Facilities Authority board gave preliminary approval to the Red Stick Studio Development LLC project this week.

The approval is the first in a four-step process.

Red Stick also has won judgments from two state courts allowing the company years to collect 40 percent studio infrastructure tax credits from the state on an eventual $665 million project.

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