The first phase of the project will include development for medium to large scale productions within the film industry.
Mansfield is weighing incentives for a project that could eventually host film production and create over 2,000 full time jobs.
The first project, located at the northeast corner of Klein Tools Boulevard and 7th Avenue, involves mixed-use development on 70 acres currently owned by the Mansfield Economic Development Corporation. The first phase of the project will include development for medium- to large-scale productions within the film industry, according to city documents.
Under the agreement, the company would put $1 million down for the property and the seller will finance $6.3 million with a 4% interest rate, with payments waived for the first five years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rosewood Hotels to build Turtle Creek condo tower, Dallas Morning News reports - Dallas Business JournalRosewood Hotels & Resorts is teaming up with Dallas developer One Turtle Creek on a new condominium tower project, according to a report from the Dallas Morning News.
Read more »
Why Dallas-based Comerica Bank has launched a new investment banking unit - Dallas Business JournalComerica's move comes as it faces stiff competition from other banks making investment to have larger footprints in DFW.
Read more »
Likely Bally Sports Southwest Bankruptcy Not Likely to Interrupt DFW Sports BroadcastsBally Sports Southwest airs Dallas Mavericks, Texas Rangers, Dallas Stars, and Dallas Wings games.
Read more »
Dallas ISD Partners With Dallas Black Dance Theater, Offers Free Virtual PerformancesThe North Texas dance theater is offering free virtual performances to Dallas ISD Students During Black History Month.
Read more »
Lightbeam Health Solutions signs 33,000 square feet lease at Cypress Waters - Dallas Business JournalThe company's new office will be located at 2999 Olympus Boulevard and help bolster the company's footprint.
Read more »