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INVESTOR GROUP PLANNING STUDIO; PRODUCTION FACILITY SET FOR CULVER CITY.


Byline: Dave McNary Daily News Staff Writer

An investor group announced Monday plans to build a $150 million production studio in Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers.  that would open in the year 2000, reflecting the continuing boom in the entertainment business.

The facility, dubbed dub 1  
tr.v. dubbed, dub·bing, dubs
1. To tap lightly on the shoulder by way of conferring knighthood.

2. To honor with a new title or description.

3.
 New Studio, would be built beginning next year on 12.5 vacant acres on Slauson Boulevard on a bluff at the eastern end of the Marina Freeway The Marina Freeway is a short freeway in southwestern Los Angeles, California and the nearby suburbs. It is the westernmost part of California State Highway 90, and links Marina Del Rey to the rest of Greater Los Angeles. , overlooking the Fox Hills shopping mall and the site for DreamWorks SKG's stalled studio headquarters in Marina Del Rey Del Rey may refer to:
  • Del Rey, California, a census-designated place in Fresno County, California
  • Del Rey, Los Angeles, California, a small district in the west side of Los Angeles
  • Del Rey (band), an indie rock band
. Sony's studio lot is about a mile to the north of the site.

LuxCore LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 said the studio would contain 825,000 square feet of space with 12 sound stages of up to 20,000 square feet, a parking structure for 1,700 cars, production offices, craft shops, a 400-room hotel with a restaurant and an outdoor theater with seating for 400. LuxCore said construction will begin in late 1998.

``This further confirms the continued strengthening of the entertainment production business in California,'' said Patti Stolkin Archuletta, director of the California Film Commission.

One of the principals said the rising demand for more production space in recent years was a key factor in driving the project. ``Basically, we've been finding that there's no space available on studio lots if you don't have a production deal,'' said James Magowan, head of LuxCore Pictures.

Magowan said the project will be designed to serve the film, TV and multimedia businesses. It will be discussed tonight at a hearing before members of the Culver City City Council and various homeowners associations.

Other principals in the deal include Swiss developer Kistler A.G. and RoTo Architects, the project's lead architect. Magowan said financing for the deal will be a combination of debt and equity and come from Kistler and other developers.

Magowan said all offices will be wired with high-band intranet and Internet cables to allow for data and video transmission.

LuxCore's only movie so far was a low-budget project called ``Flesh Suitcase.'' It is also working on a romantic film with Susan Seidelman, best known as the director of ``Desperately Seeking Susan.''

The surge in demand for American entertainment in recent years has led to gains of 29 percent in production activity in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  County last year, following a 27 percent rise in 1995. Producers have been using facilities such as former factories and aircraft hangars to install soundstages.

For example, the Marquardt plant in Van Nuys, which once made cluster bombs, has been home to as many as three productions at once and the Redken shampoo plant in Canoga Park has been converted to sound stages. Additionally, Roy Disney's Shamrock shamrock, a plant with leaves composed of three leaflets. According to legend it was used by St. Patrick in explaining the doctrine of the Trinity; it is now used as the emblem of Ireland. An artificial or real shamrock leaf is customarily worn on St. Patrick's Day.  holding company announced plans last year to build more than a dozen soundstages in Manhattan Beach Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. .
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Date:Jul 15, 1997
Words:461
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