EUE/Screen Gems Studios has a contract with the Omni Community Redevelopment Agency, which owns the land, to design, build and operate the facility.
EUE/Screen Gems will lease the Florida Film & Television Center after completion for 10 years at $100,000 a year plus 11 percent of gross revenue, according to a press release. There is an option for a nine-year renewal.
“This is an innovative public-private partnership where the lease payments and gross revenue share will be reinvested back into the neighborhood,” Omni CRA executive director Pieter Bockweg said in the release.
The new studio will house two sound stages of 15,000 square feet each, a 50-foot roof, 40-foot grid height, and approximately 12,000 square feet of office, editing suites, and accessory rooms, according to the release.