A Los Angeles entertainment company plans to build a 45,000-SF film studio in Chaffee Crossing. The Fort Chaffee Redevelopment Authority agreed to sell approximately 20 acres of land along Mahogany Avenue to TGE Global Entertainment Inc. The price for two tracts is $899,000; the property is under contract and no dates for groundbreaking or construction has been set.
Chaffee Crossing leaders hope a movie studio will bolster already booming growth in the region.
The Fort Chaffee Redevelopment Authority Board of Directors agreed to a sale that will bring a Los Angeles-based film and television studio to Chaffee Crossing to support the movie industry in Arkansas and Oklahoma.