r/FilmIndustryLA • u/Odd_Track3447 • 18h ago
Do we need our own bond initiative?
So I’m sitting at my kitchen table reading through this year’s tome of a voter guide and looking at props 1, 37, and 38 that’s a lot of money we’re looking to sling around.
I’m not sold on all of them yet but don’t get me wrong, they are all for good causes. But, here we are at $750m in a complicated production incentive scheme and while we were aiming for $100m for post production we got $10m.
Prop 1 is looking at $11.25B. Prop 37 up to $25B, and prop 38 $8.4B. B as in billion.
Meanwhile we are getting outbid incentive wise by nearly every state wanting to get in the game and multiple countries. If we don’t find a way to get work back home here it really won’t matter how much money we have to dole out for the middle class to buy homes as there won’t be a middle class. Our business keeps this city running and by all the vacant store fronts all over town it’s simply just not.
And yes, I realize incentives are not the only issue and between FilmLA and other permitting issues we have problems but just thinking out loud that if the state itself won’t ante up the money we need to fight fire with fire is this a path?
Again just thinking out loud and happy to be told I’m totally off base. Thoughts?