Project Information:
UPDATE: 2/26/2024– The Review-Journal newspaper is reporting that a new version of the motion picture industry tax credit bill also known as SB 496 will be worked on before the new legislative session next year. The new bill would allow 95 million dollars a year in tax credits over a 17 year span. As your Summerlin Realtor I stay up to date on all current events that affect Summerlin and Summerlin real estate. If you are looking for more information about the Summerlin Movie Studio, please check out all of the information I have posted below.
This project will affect Summerlin in a very positive way. Check out the article here: Another Film Tax Credit Bill in the Works
Current Status of The Project as of 3-22-2024:
The Summerlin Production Studios project now has a green light from the Clark County Commissioners. This means that their plans to build the studio, a retail complex and over 500,000 square feet of sound stages and office space that would make up the studio can now proceed. There will be more things ahead to get other approvals such as the new tax credit bill that will be voted on next year in the state legislature.
Last year, the project was estimated to open around 2028. That time line could change into 2029 depending how long construction takes to complete the project.
As your Summerlin Realtor, I will keep updating this page with current information about this project.
Summerlin Studios Project -Sony Entertainment along with The Howard Hughes Corporation want to build a 31 acre motion picture studio in Summerlin South. The location would be at the Northeast Corner of Flamingo and Town Center current where RC Willey is located. As your Summerlin Realtor, I keep up with all projects so that I can assist you with all of your Summerlin Real Estate needs.
This new version of the project will have 13 buildings with a total of 500,000 square feet.
Station Casinos will build Flamingo Station located at the Northwest corner of the same intersection. With a hotel across the street from a major motion picture studio, this would be a game changer for Summerlin and it’s residents.
What Can We Expect From This Project Here In Summerlin?
First off, we will need to see a massive increase in housing development to support the additional people that will relocate to the area. Housing right now in Las Vegas and Summerlin is at an all time low with little inventory and not a lot of options on the resale market as well as new home construction. Summerlin new home communities would need to be started in the next few years and in the surrounding areas. I would also expect retail and commercial spaces to grow as well.
Plenty of jobs will be created from this project. Construction jobs, as well as other support services would also be in need too. Infrastructure would also have to improve for the area. The 215 Beltway is very close to this project as well as an off ramp. Getting around Summerlin will be more of a challenge if traffic increases to the area.
There will be a lot of postive things to look forward to when this project gets the OK. Additional money will flood the area, the local Las Vegas economy will continue to grow and prosper. Las Vegas and Summerlin will now be known as the new location for Hollywood. This will create new careers and jobs. It will also create more opportunities for Las Vegas locals.
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- Summerlin Studios Project
Are you Relocating From California?
If you are relocating based on the Summerlin Production Studio Project , as a Summerlin Realtor, I strongly suggest that you start planning out your potential move. I expect housing prices to rise based on this news and this project. Summerlin and Las Vegas already has a massive shortage of homes, condos and town homes. The Summerlin Movie Studio project will be a huge game changer for the community and it will bring in more people into the area. Our inventory remains low and I do not see that changing anytime soon. If you have any questions about the Summerlin Movie Studio project and or how this may affect you, please contact me anytime at: 702-768-2552.
Call me today to find out what your options will be. Yes, this project is still sevral years away from completion but I can help you plan out your future relocation to Las Vegas or Summerlin. Be sure to check out my other community pages for more information about Summerlin and Las Vegas Real Estate. Also, subscribe to my You Tube Channel here: www.youtube.com/summerlinrealtor
If you have any questions about Summerlin, Summerlin Real Estate or this project, contact me directly at: 702-768-2552. I look forward to becoming your Summerlin Realtor.