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Mayor Kasim Reed Announces Historic Redevelopment Agreement for Fort McPherson

McPherson Implementing Local Redevelopment Authority approves tentative agreement that allows Tyler Perry Studio’s to expand production operations on 330 acres of former Army post

Post Date:08/08/2014 12:00 PM
Mayor Kasim Reed press release header

 Mayor’s Office of Communications
55 Trinity Avenue, Suite 2500 • Atlanta, Georgia 30303

Anne Torres, Director 
404-330-6423, office 
404-904-2618, cell 
amtorres@atlantaga.gov

Melissa Mullinax, Deputy Communications Director 
404-330-6756,office 
404-825-2430, cell
mjmullinax@atlantaga.gov 

Thế giới cáFOR IMMEDIATE RELEASE: 08/08/2014

Thế giới cáNews Release

Mayor Kasim Reed Announces Historic Redevelopment Agreement for Fort McPherson

McPherson Implementing Local Redevelopment Authority approves tentative agreement that allows Tyler Perry Studios to expand production operations on 330 acres of former Army post

ATLANTA – Mayor Kasim Reed announced today a historic opportunity for redevelopment at Fort McPherson. At a special meeting called by the McPherson Implementing Local Redevelopment Authority (MILRA), board members approved a resolution authorizing a memorandum of understanding on the sale of certain Fort McPherson properties to Tyler Perry Studios. The tentative $30 million agreement will allow Tyler Perry Studios to expand its production operations on 330 acres of the property, while allowing MILRA to retain over 144 acres for economic development purposes. No city funds would be used to close this transaction.

“I am pleased that we reached an agreement that will help create long-term job creation, business expansion and community investment in Fort McPherson and its surrounding communities,” said Mayor Reed. “I want to personally thank Tyler Perry Studios for choosing the City of Atlanta as their permanent home for film and television production. I am confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city. It will also expand Atlanta’s footprint in television and film as well as strengthen our position as the cultural and economic center of the Southeast.”

Under the MOU:

• Tyler Perry Studios will become the anchor tenant on the property and acquire 330 acres to expand production operations. This includes the addition of 15-16 of sound stages to be built on the properties. The move is also expected to add over 8,000 new jobs to Atlanta, including the relocation of 350 jobs.
• MILRA will retain over 144 acres for economic development purposes and to meet all requirements under the McKinney-Vento Homeless Assistance Act.
• Additional green space, new streetscapes and transit improvements are also being negotiated.

“Today’s vote moves us closer to the redevelopment of one of Atlanta’s most prime pieces of real estate,” said Atlanta City Councilmember Joyce Sheperd. “I would like to thank Mayor Reed, his administration, Tyler Perry Studios, the MILRA Board and most importantly the McPherson Community Engagement Subcommittee for their hard work in getting us this far.”

Tyler Perry Studios was established in 2006 and moved into its current facilities in Southwest Atlanta in 2008. The studio consists of five sound stages, a post-production facility, a pond, a back lot, a 400-seat theater, a private screening room, and designed areas for entertainment and hosting events. This announcement marks the first major expansion of the studio since 2008. Through his various entertainment ventures, Perry has invested $200 million in Georgia.

"I am thrilled to have my vision for Tyler Perry Studios come to life in South Atlanta,” said Tyler Perry. “I believe Atlanta provides a wide array of talent. Every single person, from the skilled production crew, to the artists and entertainers, are a vital component to making our films and TV shows come to life. I look forward to not only expanding Tyler Perry Studios and its capabilities, but also to witness firsthand the economic revitalization of the communities and neighborhoods surrounding the property."

“This agreement marks a significant milestone for the future of Fort McPherson and the surrounding communities,” said Felker Ward, Board Chair of MILRA. “The addition of Tyler Perry Studios to the property will spark further investment in the area and allow for greater economic opportunity to create jobs and attract additional businesses.”

The entire campus lies within the Campbellton Road Tax Allocation District, which will provide much-needed infrastructure funding. Councilwoman Sheperd added, “The challenges for us seemed daunting, but we are moving to transform this former base into a valuable asset,” she said. “It will be a showplace for the entire region—boosting the economy, creating jobs, providing homes and other sustainable economic investment in our community.”

In 2008, the State of Georgia enacted the Georgia Entertainment Industry Investment Act which increased the state tax credit to 30 percent for qualified production of motion pictures, television series, commercials, music videos, interactive games, and animation. The State of Georgia estimates that in Fiscal Year 2014, the economic impact of the entertainment industry in Georgia exceeded $5 billion. To support the city’s rapidly expanding film industry, Mayor Kasim Reed and the Atlanta City Council established the Office of Entertainment to streamline the permitting process for film productions, facilitate employment of local talent, create production-related educational and training opportunities, and safeguard the interests of residents and businesses affected by film productions.

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For more information about the City of Atlanta, please visit http://everafterbox.com or watch City Channel 26. Follow the City of Atlanta on  and Twitter . Follow Mayor Reed on  and Twitter

 

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