Medient Studios Incorporated and Effingham County Industrial Development Authority have signed a memorandum of understanding for the development of a $90 million movie studio, entertainment facility and campus in Effingham County, Georgia.
The proposed movie studio will sprawl over 1,500 acres lot, called Interstate 16 Site, Northern Tract, which is located 15 miles away from the Savannah / Hilton Head International airport. The development will include a vertically integrated movie and electronic games production facility featuring a fully functional campus in the style adopted by the technology industry.
The new studio will be developed in compliance with sustainable environmental practices, which will comprise the application of solar and hydro technologies. The company has completed the master plan and filed an application to the council. If approved, the construction is scheduled to get underway in mid-2013.
The project also stresses development of a pipeline that will facilitate the simultaneous production of movies in multiple languages and electronic games. The project is anticipated to create 1,000 permanent jobs.
The Effingham County Industrial Development Authority will enter a 20-year capital lease with Medient and provide $1.25 million for site development.