The idea of constructing a film studio in Las Vegas failed on Monday evening within the Nevada Legislature, as legislators declined to approve an $95 million yearly incentive.
Last week, I was thrilled to learn about Sony Pictures and Warner Bros. joining forces to back Summerlin Studios, a sprawling 31-acre complex boasting ten soundstages. Just a few days ago, our state Assembly approved a bill, AB 238, aimed at subsidizing this promising project. Unfortunately, last Monday evening, my hopes were dashed when the Senate failed to pass it.
Senator Roberta Lange expressed that the public found it difficult to attend [the event/project], given her involvement in a competing studio initiative with UNLV. She explained, ‘When we’re trimming essential services such as housing, education, and healthcare, it becomes challenging for people to feel secure enough to invest significantly in something novel.'”
Or more informally:
“Senator Roberta Lange said the public found it tough to get involved because she was working on a similar project with UNLV. She added, ‘When we’re trying to save on housing, education, and healthcare, it’s hard for people to feel confident spending money on something new.’
A comparable attempt fell through in the year 2023. Since the Nevada Legislature gathers only once every two years, the chance to advance this project again will not arise until the year 2027.
Last autumn, Sony and Warner Bros. were backing competing plans. Sony endorsed the Summerlin project, a venture led by Howard Hughes Holdings. On the other hand, Warner Bros. backed the UNLV plan, which was designated for a research campus situated in the southwestern part of Las Vegas.
However, in February, Warner Bros. changed allegiance and backed Summerlin studio instead. Assemblywoman Sandra Jauregui’s AB 238 proposed a yearly tax credit of $95 million for film and TV productions filmed at that location. An extra $25 million was intended to assist other unrelated productions as well.
Lange persisted in supporting the UNLV initiative, a collaboration between Manhattan Beach Studios and Birtcher Development. However, her proposal, SB 220, failed to progress to a final vote.
Jauregui’s proposal successfully passed the Assembly with a close 22-20 decision last Friday. It required approval from the Senate by Monday night, but was not discussed. In the final moments of the legislative session, Lange proposed an amendment requesting an economic analysis of the matter. Unfortunately, this amendment also failed to be voted on.
Lange suggested to EbMaster that although a film tax credit might not be the ultimate solution, there could be another option. He emphasized the need for a thorough investigation and finding something suitable for our state before progressing.
The competition between the two studio initiatives didn’t advance the common goal. From the beginning, it was evident to investors that only a single project (at best) would secure endorsement.
On Monday evening, Lange reported that she had a conversation with Governor Joe Lombardo, a member of the Republican party. He didn’t express any clear opinions regarding the topic at hand, instead appearing to be more concerned with advancing his own agendas.
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2025-06-03 23:17