By Bill Shea | Crain's Detroit | February 3, 2009
The vacant Detroit building formerly used as MGM Grand’s temporary casino will be transformed this year into an $86 million Hollywood-style digital animation and visual effects studio directly employing more than 400 people.
The Detroit Center Studios is a partnership between Wonderstruck Studios L.L.C. owned by film and video game deal-maker Michelle Richards, a Detroit native, and Los Angeles-based real estate developers SHM Partners.
The state today awarded the project a 12-year, $16.9 million Michigan Economic Growth Authority tax credit and an $11.7 million infrastructure credit under the state’s new film incentive laws.