In today’s film news roundup, Lionsgate
’s new studio is getting final financing, “American Nurse’ is getting re-released, Sony
is launching Kid Zone and the SAG-aftra Foundation
’s relief fund has given out $1 million.
Lionsgate, Great Point Capital Management and real estate company National Resources have secured a $40 million loan from Cit Bank to complete financing for Lionsgate’s film-tv studio complex in Yonkers, N.Y.
Plans for the 100,000-square-foot production center were unveiled last year with Gpc and National Resources building for Lionsgate, which will be the long-term anchor tenant and will retain naming rights.
At least one of the three 20,000-square-foot stages is expected to be operational later this year. The production facility will also comprise two 10,000-square-foot stages, offices and parking space.
“Cit is a leader in community-driven projects and our financial support for this development will help bring jobs and revenue into Yonkers at a critical time,