Warner Bros. Plans To Stimulate Las Vegas Economy With 16,000 New Jobs
Warner Bros. has some hefty potential economic plans, including stimulating the Las Vegas economy with a $1.2 billion boost and adding more than 16,000 ongoing jobs, according to 8 News Now.
Warners Bros. released a study that outlined the economic effects if the company could build its proposed studio in Vegas.
The study outlined benefits that the studio would bring, including 16,630 ongoing jobs for Nevadans, $564 million in ongoing annual salaries and wages, and more than 1,000 construction jobs, 8 News Now reports.
The report specifically outlined a potential of 11,980 jobs in the studio film and TV production sector, 4,650 jobs in other production aspects, in the media technology lab facility, and in the tourism, retail and hotel sectors of the economy.
There would also be a potential for the studio to add 1,000 construction jobs and 800 additional jobs in the 36-month site development phase.
Warner Bros. Wants To Build 34-Acre Campus In Partnership With UNLV
The Las Vegas Review-Journal reported that Warner Bros. proposed a 34-acre campus called Warner Bros. Studios Nevada, which would also be in partnership with UNLV. Further, the campus would use a $1.4 billion tax credit over a decade and a half.
The report, called “Economic Impact Assessment Of Warner Bros Studios Nevada,” also states that the production company would have a minimum commitment of $8.5 billion in film and TV production spend with $500 million in the initial three years.
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Further, the report also said that the studios and campus would contribute $1.2 billion annually to Nevada’s gross domestic product and $13.5 billion in the next 15 years. The study says the campus would diversify Nevada’s workforce and economy with new jobs in film and TV where the national average salary is $84,714. Nevada’s average salary in 2023 was $62,786.
The state would benefit from three major developments: The Nevada Media and Technology Lab, a healthcare facility and a studio tour attraction, the study states.
The Nevada Media and Technology Lab would be an educational facility for UNLV, Nevada State University, College of Southern Nevada and the Clark County School District. The proposed healthcare facility would provide emergency care, sick care and daycare. The studio tour attraction would be a “national and international destination attraction to diversify Las Vegas’s appeal to visitors.”