Big studio in the big Apple. (World).In a move that marks the biggest construction plan since the terrorist attacks, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's developers have announced the advent of the largest studio space on the island. Studio City, a $375 million project covering a 92,000-square-foot parcel of land just west of Times Square, will house 140,000 square feet of film and TV production space in a 15-story complex. The project's backers, which include Lehman Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., Hines, Pacifica Venture Partners and the Picket-Benowitz Group, hope to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the city's film biz which cranks out about 200 motion pictures a year. They also hope to curb the exodus of filmmakers, who, once they capture certain external images, complete their films in Hollywood (and Canada, of late) due to lack of studio space. Groundbreaking on the development is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent securing an anchor tenant, but the studio could open as early as 2004. |
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