Raleigh Michigan Studios – the Pontiac studio financed by A. Alfred Taubman, Linden Nelson, John Rakolta Jr. and William Morris Endeavor – Ari Emanuel has arranged the $75.8 Million required to break ground in 30 days on ten soundstages to be ready for summer 2010 according to Steve Lemberg, CFO of RMS. Meanwhile Jimmy Lifton’s Unity Studios in Allen Park while delayed from its June groundbreaking continues toward the October opening of The Lifton Institute and the initiation of the bond issue needed to fund the land purchase. Wonderstruck Studios, which was formerly announced to take shape at the temporary MGM Grand facility may be considering another location.
Full Article from the Detroit Free Press Katherine Yung:
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