Construction to Begin on Georgia Film Production Complex
Press release from the issuing company
Friday, July 26th, 2013
Medient Studios, Inc. today announced that the Effingham County Industrial Development Authority, at a meeting of the Property Committee of the Board on the 28th June 2013, formally approved the commencement of construction on the 1,550 acre property.
Medient has initiated engineering, clearing and grading of the property, as part of a construction plan to have the studioplex operational by the first quarter of 2014.
Medient’s President of Infrastructure Manoj Koshy stated, “Our construction plan involves multiple parallel paths to minimize the amount of time to being able to shoot movies on campus. We have incorporated the latest technologies in modular construction, and non conventional energy sources to build the studioplex at the fastest pace with the least environmental impact possible.”
Chance Raehn, Principal of Integrated Science & Engineering, Inc. the civil engineers for the project, stated, "The focus is on the engineering tasks required to get the site 'construction ready' by November. The DRI and Traffic studies, Topography surveys for public areas and roads, Boundary surveys, Geotechnical investigations and Civil Design will all commence this week."
Medient Studios, Inc. today also announced that the Property Committee of the Effingham County Industrial Development Authority has formally approved the Master Plan for the Studioplex on the 1,550 acre property. All procedural formalities are now complete and the formal lease agreement will be signed on the 19th of August and the Ground breaking ceremony will be held on the 29th of August.
Medient has already initiated engineering, clearing and grading of the property, and the latest approval is the last of the many critical steps that the Company has continued to successfully fulfill. As previously announced, the IDA Board approved the $300Million Bond offering which has since been ratified by the Courts on the 15th of July.
Addressing the members of the Property Committee Manu Kumaran, Chairman of Medient said that his company was confident of getting the facility functional by the first quarter of 2014. “We want the Studioplex to be an integral part of the local community, something that the entire community can be proud of. As our first slate of movies gets underway we will have the eyes of the entire world on Effingham. We won’t let you down!!” he added.
