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Business / a year ago
Rolling the Dice: Nevada Bets $190M on Hollywood's Love for Tax Credits to Bring Sony to Sin City!
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Nevada's lawmakers are hoping to lure Sony Pictures to Sin City with a $190 million tax credit, despite concerns over the state's reliance on Hollywood's fickle affections to save their tourism-reliant economy.
HOLLYWOOD TAKES A GAMBLE: Nevada's $190 Million Bet to Turn Silver Screen Sony into Sin City's Savior! CARSON CITY, NV — As if catering to reckless gambling, shotgun weddings, and questionable entertainment wasn't enough, Nevada lawmakers are now doubling down on Hollywood to save their state's floundering post-pandemic economy. Say goodbye to the King of Rock and roll; the Silver State is now courting the King of the Box Office: Sony Pictures to save its tourism-reliant economy. Rolling the dice in a bold move, a bipartisan entourage of Nevada's legislators introduced a bill to gift not one, but two film sites with a mind-boggling $190 million annually in tax credits. One such project includes a $1 billion Sony expansion - because nothing says "diversify our tourism and gaming-focused economy" like betting it all on Hollywood's flighty affections. Stomping on the shattered dreams of previous large construction projects that failed to revitalize southern Nevada, lawmakers have set their sights on a new cash cow: the silver screen. And why not? Tinseltown's love for tax credits and itself is legendary, with a history of reliable and consistent loyalty. Certainly, the fickle-natured film industry would never dare to pull an Elvis and leave the building once the tax credits dry up. If Sin City's transformation into Film City proves successful, Nevada will officially become a one-stop destination for shooting first, shooting films and shooting dice. Critics may argue that the state's reliance on Hollywood might just hit the jackpot of irony, given its attempt to diversify an already entertainment-heavy economy. However, proponents brush off these concerns with a starry-eyed dream of Oscar night relocation to Caesar's Palace. "This is a surefire way to spark our local economy and create much-needed jobs," argued one enthusiastic lawmaker, sporting a button-up shirt featuring autographed headshots of various celebrities. "Besides, if we've learned anything from Hollywood, it's that everything can be fixed with a big-budget sequel and good lighting!" Sony's reaction to the proposal has not been reported, despite some lawmakers confidently claiming they once had lunch with a remote cousin of a Sony executive. Meanwhile, Sin City residents are left to wonder if Sony's big debut will be a boffo blockbuster or a box office bomb.
posted a year ago

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