A film company seeks to buy a 105-acre movie and television studio complex in suburban Detroit.
Global Renaissance Entertainment Group Inc. has submitted a proposal to buy the property from the city of Allen Park, which bought the former automotive facility for $25 million and retooled it for film production.
Both company Chief Executive Arthur Wylie and city officials confirmed the proposal Friday at the complex.
Financial terms weren’t disclosed, but Mayor Gary Burtka said the city is interested.
The complex would become the permanent headquarters for Global Renaissance, which has offices in Los Angeles, Atlanta and Charlotte, N.C.
Michigan has been drawing more moviemakers since 2008, when tax incentives among the nation's most generous took effect.
via Film company seeks to buy Michigan movie complex – BusinessWeek.