Decisions regarding development of both film studios come on the heels of a law passed by the state legislature and signed by Gov. Ed Rendell that offers tax credits for up to 25% of the production costs incurred in this state. It covers the production of films, TV shows and commercials intended for national distribution as long as 60% of the total costs of the projects are incurred in the state.

Pacifica Ventures has identified potential sites in Bucks, Delaware and Philadelphia counties, and Hal Katersky, the company's owner, tells GlobeSt.com, "we're in negotiations for our first choice." He declined to disclose the location, but says he plans to break ground on an initial phase by year-end or early in 2008 and expects to open a year later.

"Phase one will be between 400,000 sf and 500,000 sf," Katersky says, "and contain about six stages." The estimated cost is $75 million. There is no timeline for construction of the second phase, "but this complex will be very similar to our Albuquerque facility and aggregate over a million sf," he says, estimating the cost of the second phase at above $75 million.