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Nevada unions push $95M tax credits to lure film studios, creating 19K jobs amid tourism drop.
Nevada labor unions are reviving a proposal to offer up to $95 million in tax credits to attract major film studios like Sony Pictures and Warner Bros.
Discovery to build a production complex in the Las Vegas suburbs, aiming to create 19,000 construction jobs and boost tourism amid an 11.3% drop in visitors.
The Summerlin Studios project, backed by Howard Hughes Holdings, would include 10 soundstages, hotels, a medical center, and mixed-use development, with $4.5 billion in required spending over 15 years.
Proponents argue the incentives are necessary to compete with states like Georgia, which has seen film industry growth and tourism benefits from similar programs.
Opponents, including the AFSCME union, warn the plan is fiscally irresponsible, citing a projected return of only 52 cents in tax revenue for every dollar in credits.
The proposal may be reconsidered during an expected special legislative session before year’s end.
Los sindicatos de Nevada impulsan créditos fiscales de $95 millones para atraer a los estudios de cine, creando 19 mil empleos en medio de la caída del turismo.