A 546-acre film studio and entertainment district is expected to open in Bastrop, Texas, in August 2023, KVUE reports according to the Austin Business Journal.
According to KVUE, a development agreement and concept plan for the Bastrop 552 project was unanimously approved in June by the city council.
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The owner of the Bastrop 552 project said the development will eventually have 486,000 square feet of studio space, 300,000 square feet of warehouse/mill space and 200,000 square feet of office space, KVUE reports.
According to the report, the first phase of Bastrop 552 includes six studios, a three-story office building, a mill house and warehouse, and supporting infrastructure.
KVUE reports the first phase of development is expected to cost $40.3 million; however, the project will create thousands of jobs and generate millions of dollars for the Bastrop area.