October 8, 2008
PLYMOUTH, Mass. (AP) – Financial consultants say a proposed $300 million movie studio in Plymouth could generate thousands of jobs and millions of dollars in tax revenue while putting few strains on town services.
Consultants on Tuesday presented their findings to town officials, who are trying to decide how much to give up in a property tax break to secure state funding for infrastructure improvements.
Plymouth Rock Studios officials want to build a movie and television production studio on 240 acres in town. The project includes 14 sound stages, a back lot, a hotel and an education center.
Consultants say the project would likely generate more than 3,000 jobs and $168 million in wages, although it could take several years for the studio to realize its full economic potential.