Nassau County IDA Named IDA of the Year for Grumman Studios Redevelopment

Posted by: Francine Bachmann  /   Category: News   /   No Comments

The Nassau County Industrial Development Agency has been named 2010 IDA of the Year by the Long Island Business News for the conversion of Lunar Module Park into the largest production studio in New York.

The massive structures that once housed the building of the lunar modules that briefly roamed the moon’s surface 40 years ago have been redeveloped into a fully functioning movie production studio.

Grumman Studios is comprised of a 500,000 square foot facility with seven expansive sound stages with massive storage capacity, surrounded by thirty acres of paved outdoor space for set construction and parking.

Developer Parviz Farahzad, the owner of Lunar Module Park, found attractive financing and some tax incentives through the Nassau IDA to make this project a reality. Subsequently Mr. Farahzad convinced Columbia Pictures to film “Salt”, a new $165 million action thriller starring Angelina Jolie at his new Grumman Studios, which is due to be released in late July, 2010. More than 100 cast and crew members worked in Long Island on “Salt” resulting in Grumman Studios peeking the attention of other film production companies seeking to take advantage of the facility’s attractive benefits and convenient location.

Grumman Studios is a qualified New York State production facility, the largest in the greater New York area, and only minutes from midtown Manhattan. Productions shot at Grumman are eligible for tax incentives through New York State.

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