Note: This is an excerpt from a story that originally appeared on KRQE.com.
NBCUniversal will be the next media giant to establish roots in Albuquerque.
NBCUniversal has entered into a 10-year venture with Garcia Realty and Development to redevelop an empty warehouse, located at 1601 Commercial Street NW, into a state-of-the-art television and film studio.
The development is expected to cost $4 million and will have two sound stages, offices and a mill. The facility will be used by NBCUniversal to produce scripted productions for many platforms, including broadcast and cable channels. Over the next 10 years, NBCUniversal has committed $500 million in direct production spending.
According to a press release, NBCUniversal will employ more than 330 full-time jobs year round and generate an economic impact of $1.1 billion over 10 years. According to an economic analysis by the state, the total number of jobs, direct and indirect, should exceed 800.
New Mexico is the place to be for the future of the film & TV industry. I’m incredibly excited to announce today that @NBCUniversal has chosen to plant their flag here in New Mexico, establishing a world-class production facility in Albuquerque. #NMfilm pic.twitter.com/mGUC9Txi1Q
— Gov. Michelle Lujan Grisham (@GovMLG) June 14, 2019