ST. LOUIS – The state of Missouri said on Wednesday it will contribute up to $ 2.9 million in grants for a planned massive production facility in Chesterfield.
A spokeswoman for the state’s Department of Economic Development said Gateway Studios, the developer of the project, had been cleared for that amount in five-year benefits from Missouri Works, a program that encourages job creation. Ashton kever, the spokesperson, said the award would support the creation of 106 jobs, in line with previous comments from the leader of Gateway Studios. The state said it had also offered Gateway Studios $ 65,000 in assistance with personalized training of Missouri One Start, a workforce training program.
Also on Wednesday, the state and a group of private sector companies, Greater St. Louis Inc., gave a development cost for the project for the first time: $ 111 million.
Trey kerr, CEO of Gateway Studios, previously described other development details, describing it as a place of practice for performers before going on tour, but also a place of production capable of hosting corporate events and film projects.
The 330,000-square-foot facility, which will span 32 acres at the western end of the Chesterfield Valley at 18125 Spirit Commerce Drive, could open in the spring of 2023, Kerr said. It is to have four studios.
St. Louis County is also contributing to the project, as it has already approved at least $ 88 million to $ 130 million in Chapter 100 tax obligations for industrial development, plus a 50% property tax rebate over 10 years and sales tax exemptions on building materials and the purchase of personal property.
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