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PONTIAC, MI-Michigan Motion Pictures Studios LLC has been promised local government assistance to build a $60 million film studio here at the Centerpoint Business Campus. The Oakland County Economic Development Corp., a public-private entity, has authorized the issuance of $28 million worth of tax-exempt bonds to finance the Raleigh Michigan Studios.

With the funds, the company will renovate a 425,000-square-foot existing office building formerly used by General Motors. The company will also build a 185,000-square-foot studio. The project should be complete by January, according to a statement by the county.

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