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Old 11-30-2013, 09:23 PM
 
Location: Charlotte, NC
21 posts, read 18,685 times
Reputation: 18

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As you may already know, the old Eastland Mall property has been bought by the city and there are plans to redevelop the site into a full-service film and television production studio.





Personally, I think its a really cool idea and am excited about the potential positive growth impact on the city.
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Old 11-30-2013, 09:48 PM
 
373 posts, read 671,119 times
Reputation: 674
I think it is a great idea.

My questions would be :
- Is there a demand for such a movie studio in this region?
- If not, is there a realistic business sense and judgment that a demand can be created?
- At the end of the day, is this really a viable idea that is long lasting and makes money for those investing in the property?

I hope this all works out great for everyone.
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Old 11-30-2013, 10:01 PM
 
601 posts, read 792,289 times
Reputation: 628
I like the concept, and I want that entire parcel to be redeveloped, but I'm still very skeptical of this project.

The biggest issue is the asking price of $296 million from the city, with $38 million needed to be spent on the first phase. Also, the strong possibility of the film tax incentives expiring.

Honestly, I was always a fan of redeveloping the site into a town center, with mix-use facilities, and creating a street grid. Making it the true core of the eastside, and maybe even embracing the multicultural side of east Charlotte. If not that, then turning it into a massive urban park, with some retail on Central, or turning it into an educational campus.
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Old 11-30-2013, 10:41 PM
 
Location: Charlotte, NC
21 posts, read 18,685 times
Reputation: 18
Quote:
Originally Posted by cheesecracker View Post
I think it is a great idea.

My questions would be :
- Is there a demand for such a movie studio in this region?
- If not, is there a realistic business sense and judgment that a demand can be created?
- At the end of the day, is this really a viable idea that is long lasting and makes money for those investing in the property?

I hope this all works out great for everyone.
Considering NC has been home to a lot of film shoots over the years(Iron Man 3 and The Hunger Games in the past year alone), I imagine bringing a major studio to Charlotte/the State was the right call.

Quote:
Originally Posted by Third Strike View Post
I like the concept, and I want that entire parcel to be redeveloped, but I'm still very skeptical of this project.

The biggest issue is the asking price of $296 million from the city, with $38 million needed to be spent on the first phase. Also, the strong possibility of the film tax incentives expiring.

Honestly, I was always a fan of redeveloping the site into a town center, with mix-use facilities, and creating a street grid. Making it the true core of the eastside, and maybe even embracing the multicultural side of east Charlotte. If not that, then turning it into a massive urban park, with some retail on Central, or turning it into an educational campus.
So appro. $300M? I was wondering what the price tag on the development was going to be.

I was for a mixed use town center as well, but after seeing that the proposed plan calls for some mixed use spaces, the film studio plan grew on me. And although the rendering doesn't show it, the site is also slated to be the home of the western terminus of the CityLYNX streetcar. Once that is complete, I'm sure Central Ave will see plenty of retail/office/residential space popping up
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