Results tagged “taxcredits”

Now that we solved that whole tax credit deficit problem, there's a new worry for the filmmakers who want to point their lens at New York City. Crain's reports that "the latest shock to the industry is a plan by the city to charge the largest fees in the nation for filming in its buildings [$3,200/day]. The Mayor's film office is also drawing up plans to charge for its famous free permits. Even more troubling, the city's tax incentive program is out of money and in the process of being scaled back, and the state is in negotiations over whether to renew its tax incentives." Well, that's an exhausting list.

With South Williamsburg supposedly still on their break from Hollywood, having been dubbed a no-film zone after too much action, the spotlight has turned to Greenpoint. But the NY Post reports that locals there are also getting riled up over the takeover, which brings a lack of parking spaces and too much traffic. A shopkeeper told the paper, "The thrill is gone. As far as I'm concerned, this is a nuisance. This is of no benefit to anyone around here."

The Hollywood lights have been shining down on South Williamsburg a lot lately, so much so that the neighborhood is being given a three-month reprieve from the action by city officials. Several projects got the greenlight to finish up filming before being tossed out of the new no-film zone, after which they'll certainly be able to find that "gritty urban look" Williamsburg offers in other areas of New York City.

Fade to black! Looks like we're going to have to get used to some faux New York in our films and television shows: the state's tax credit program has run out of funds. It was Spitzer who proposed the new budget in early 2008, which started to bring more productions to the city, but it was just announced that the $515 million allocated through 2013 has already been spent. According to the LA Times "studios that contemplated shooting movies and TV series in New York are looking instead to places such as New Jersey, Illinois and Canada instead." Crain's reports that Fringe, Life on Mars, and Damages are already considering pulling out of the city, and it's being reportred that Silvercup Studios haven't signed on any new TV shows or movies. The Queens Gazette reports that "new allocations must come from the state legislature as an emergency allocation or be included in next year's budget, which is supposed to be approved by April 1."