New Film Production Studio Will Make Its Home on the West Side
By Camela Furry in Miscellaneous on Nov 5, 2009 3:20PM
Cinespace counts the musical movie "Chicago" among its production credits
The Illinois senate endorsed a $5 million grant last week for the operation which will be called Chicago Film Studios. Mirkopoulos told WBBM he "forsees a business based mostly on Hollywood film releases whose production companies are drawn by state tax incentives." The tax incentive he refers to is a tax credit offered by the state equal to 30% of Illinois production costs and worker salaries.
Work on converting the space will start as early as January, and Brian Rainville, executive director of Teamsters Joint Council 25 is happy because the construction project and movie production in the city means work for union members - "Remember that each movie production is a major construction project."