Some highlights of the plan were:
The 30 acre property and existing 160,000 sq. ft building was appraised in 1987 for $15 million.
KPMG conducted a feasibility study for the city of Miami. They determined that it would take $50 million dollars to build four sound stages, would be profitable, and recommended to proceed. In comparison, this plan will consist of five sound stages at a cost of $10 million.
A recent study has determined that Dade County is a BILLION dollar media industry. This did NOT include economic multipliers, companies without headquarters here, nor the rest of South Florida, Broward & Palm Beach counties.
South Florida was the 3rd largest market for film & television production in the USA, after Los Angeles and New York. While many studio complexes operate in both these and many smaller markets, At the time this plan was implimented, no such facilities currently existed in south Florida.
Due to State tax incentives cancelled by the State of Florida, the movie industry relocated to Georgia. Hurricane Wilma caused extensive damage to the building and the land was sold for a profit.