Posted on June 25, 2012
DEVENS — It’s official.
The New England Studios at Devens, a $106 million Hollywood-style movie studio project, will break ground next week.
MassDevelopment announced Thursday that it will celebrate the commencement of the project with the studio developers at noon Tuesday on Rogers Field in Devens. The groundbreaking at the project site off Jackson Road will also happen Tuesday.
Details of the land deal between The New England Studios and MassDevelopment, the state’s quasi-public economic agency, remain unclear, however, as both parties declined to comment. MassDevelopment, which is tasked with redeveloping the 4,400-acre former Army fort, owns the bulk of the land in Devens, including the studio site.
The New England Studios at Devens and MassDevelopment reached a land purchase-and-sale agreement for the project last summer, but the transaction had not occurred as of June 11. MassDevelopment announced last August $5 million in tax-increment financing for the project, which will cut taxes for the studio complex over 20 years.
Asked Thursday if The New England Studios at Devens has acquired the construction site from MassDevelopment, and if it has, how much the land was sold for, a MassDevelopment spokeswoman said the agency could not comment until next week.
Chris Byers, a movie producer from Lowell who founded The New England Studios at Devens, is expected to attend the ceremony along with MassDevelopment President and CEO Marty Jones.