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Commission approves $32M IRB for conversion of old GE plant into 'the Yard' digital film studio
Summary
The board approved an industrial revenue bond for Filmard LLC to develop a $32 million digital film studio at a former GE manufacturing site; staff projected more than 200 jobs at peak, a pilot structure that collects 43% for the county and an estimated $6.5 million county return over the analysis period.
The Bernalillo County Commission on March 11 approved an industrial revenue bond (IRB) for Filmard LLC to redevelop a former GE manufacturing site into a phased digital film studio branded "the Yard." Economic development staff described the project as a $32 million private investment that will be developed in two phases and create…
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