Burnaby just keeps growing as a leading destination for film production in North America, with an historic agreement in which the City will sell a parcel of land to Larco Investments Ltd. to develop a state-of-the-art 300,000-square-foot film studio at 3990 Marine Way.
“When we raised the possibility of selling this parcel of City-owned land, we made it clear that our priority was to find a partner committed to putting down roots in Burnaby and creating jobs in our city,” said Mayor Mike Hurley. “Larco has a track record of creating industry-leading studio space and this project promises to support more than a thousand well-paying jobs in our community.”
In response to a Request for Offers, Larco agreed to pay the City $136 million for the 6.92-hectare (17.1 acre) property, together with the adjacent road allowance, located near the Riverway Golf Course in Burnaby’s Big Bend neighbourhood.
Larco is proposing to build a complex which will include:
- sixteen sound stages, comprising over 300,000 square feet of studio space
- several mill shops on site
- three storeys of office space
- landscape improvements and enhancements to the riparian areas near Kaymar Creek and Glenlyon Creek
Larco Investments has owned and operated Bridge Studios since 2007, and has other studio sites in Burnaby currently in development at Lake City Way and at Griffiths Drive. A number of Hollywood’s biggest films and most successful television shows have been filmed at Bridge Studios, including Tomorrowland and ABC’s The Good Doctor.
“With the addition of the development of the Marine Way site to our studio portfolio including Bridge, Griffiths, and Lake City, we are excited to become the largest studio operator in BC with 55 state-of-the-art custom-built sound stages as well as associated studio facilities and services for top production companies and content providers,” said Mansoor Lalji, Principal of Larco Investments. “We look forward to continuing to grow this important industry for Burnaby and BC.”
The film and television industry’s total value add to B.C.’s economy each year is $2.41 billion in total GDP, and over $3.4 billion in production spending is distributed across animation, VFX, post production and live action activity – both on location and in studios. With Burnaby home to more than 60% of B.C.’s purpose-built sound stages, the city is a major contributor to the economic benefits this industry generates in the province annually.
Learn More: Burnaby.ca/film
Media Contact:
Chris Bryan
Manager, Corporate Communications
Corporate Communications and Marketing Departments
604-570-3616 | [email protected]