At a special meeting called by the McPherson Implementing Local Redevelopment Authority (MILRA), board members approved a resolution authorizing a memorandum of understanding on the sale of part of Fort McPherson to Tyler Perry Studios. The tentative $30 million agreement will allow Tyler Perry Studios to expand its production operations on 330 acres of the property, while allowing MILRA to retain over 144 acres for economic development purposes. No city funds would be used to close this transaction.
Tyler Perry Studios will build 15 0r 16 of sound stages on the decommissioned Army base, which is expected to add over 8,000 new jobs to Atlanta, including the relocation of 350 jobs. Additional green space, new streetscapes and transit improvements are also being negotiated.
“I am pleased that we reached an agreement that will help create long-term job creation, business expansion and community investment in Fort McPherson and its surrounding communities,” said Mayor Kasim Reed. “I want to personally thank Tyler Perry Studios for choosing the City of Atlanta as their permanent home for film and television production. I am confident that this kind of development will bring hundreds of permanent jobs into the area, and attract robust additional investment into the Southside of our city. It will also expand Atlanta’s footprint in television and film as well as strengthen our position as the cultural and economic center of the Southeast.”
Tyler Perry Studios was established in 2006 and moved into its current facilities in Southwest Atlanta in 2008. The studio consists of five sound stages, a post-production facility, a pond, a back lot, a 400-seat theater, a private screening room, and designed areas for entertainment and hosting events. This announcement marks the first major expansion of the studio since 2008. Through his various entertainment ventures, Perry has invested $200 million in Georgia.
“I am thrilled to have my vision for Tyler Perry Studios come to life in South Atlanta,” said Tyler Perry. “I believe Atlanta provides a wide array of talent. Every single person, from the skilled production crew, to the artists and entertainers, are a vital component to making our films and TV shows come to life. I look forward to not only expanding Tyler Perry Studios and its capabilities, but also to witness firsthand the economic revitalization of the communities and neighborhoods surrounding the property.”