STRATEGIC PRIORITY: Economic Development
AGENDA DATE: May 22, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
EXECUTIVE: Robin Bentley
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SUBJECT
Title
An ordinance (1) nominating approximately 2.435 acres located at 2901 Botham Jean Boulevard for State of Texas designation as a qualified media production location; (2) directing the City Manager to execute all necessary documents to submit an application for designation to the Music, Flim, Television, and Multimedia Office within the Office of the Governor; (3) providing a repealing clause; and (4) providing an effective date - Estimated Sales Tax Revenue Foregone: General Fund $150,000.00
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BACKGROUND
Media Production Development Zones (MPDZ) are authorized by Chapter 485A of the Texas Government Code, known as the Media Production Development Zones Act (Act), and is administered by the Texas Film Commission. MPDZ is a state-based incentive program which allows for a sales and use tax exemption for the construction, maintenance, expansion, improvement, or renovation of a media production facility at a qualified media production location (QMPL) over a two year period. The Act outlines the parameters for the creation of MPDZs within the state to strengthen Texas's economy by maintaining and bolstering its media production industry. For a location to take advantage of the tax savings of the MPDZ, it must be designated as a QMPL by City Council.
Pursuant to the Act, this project meets the criteria for the City of Dallas's nomination as a QMPL as the proposed project is located within a MPDZ and is a building or other facility that is being renovated solely for the purpose of being converted into one or more media production facilities.
This item authorizes the City nomination of the first QMPL project in Dallas's newly created MPDZ No. 1, for state consideration of the qualified MPDZ project. South Side Studios Dal...
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