State Study Downgrades Estimated Impact of Las Vegas Movie Studio

Economic reports: Tax credits might not be enough to sustain new Nevada studios

New economic reports show that proposed film studio projects in Southern Nevada might not be able to pay for themselves.On Monday afternoon, two reports from Applied Economics were posted by the Nevada Governor's Office of Economic Development. Analysts took a closer look at the potential fiscal and economic impact assessment for Summerlin Studios, which would be run by Sony, as well as Nevada Studios at UNLV Harry Reid Research and Technology P…

State study downgrades estimated impact of Las Vegas movie studio

LAS VEGAS (KLAS) -- A study done by the Nevada Governor's Office of Economic Development has downgraded the estimated impact of a movie studio bill in the Nevada Legislature. The studies were done on dueling proposals to build Las Vegas movie studios. Both pieces of legislation — Assembly Bill 238 (AB238) and Senate Bill 220 (SB220) — are built around tax credits that could lure moviemakers, TV production companies and others, potentially laying…

Reports cast a shadow on plans to attract Hollywood film studios to Nevada

Economic and fiscal returns on investment for two prospective proposals to draw film studios to Nevada are lower than initially described to lawmakers, according to studies.

Film bills could bring negative return on investment to Nevada, reports say

CARSON CITY — Two new reports commissioned by the state conclude that while the two proposals to use tax credits to lure Hollywood film studies to Nevada will stimulate economic activity, neither will be able to generate enough tax revenue to pay for themselves. The reports were prepared by Applied Economics of Phoenix and released Monday