San Fernando Valley Studio Project Delayed Long Enough to Claim New Tax Credit

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San Fernando Valley Studio Project Delayed Long Enough to Claim New Tax Credit
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Seven years ago, a developer floated a plan to build a new TV and film production facility on the site of an old gravel pit in the San Fernando Valley. It would be the first such project built in L…

Seven years ago, a developer floated a plan to build a new TV and film production facility on the site of an old gravel pit in the San Fernando Valley. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states.

“e do not believe that the project being entitled prior to the legislation’s signing would preclude Sunset Glenoaks tenants from benefiting from these new tax credits,” said Jeff Stotland, senior vice president of global studios at Hudson Pacific, in a written response. But Sunset Glenoaks already has administrative approval, and the neighbors’ legal challenge has been defeated.

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