Connect with us

Nevada

Why not incentivize housing instead of Hollywood? | Pat Hickey

Published

on

Why not incentivize housing instead of Hollywood? | Pat Hickey


play

Recently, two headlines caught my eye. The first: Nevada plans to roll out the Hollywood red carpet with public tax breaks for private studio companies — Sony Pictures and Warner Bros. The other: The University of Nevada, Reno plans a new 400-unit public-private apartment complex near campus for faculty, staff and students.

Advertisement

Both proposals utilize tax-credit financing to incentivize businesses to meet Nevada’s needs.

To my mind, if it becomes a question of what is our most pressing priority, I would pick an affordable supply of homes for our Nevada towns over the lure of Tinseltown coming to our southern desert.

When I think of the future of a Nevada film industry, I don’t see it becoming a blockbuster. Gone is the glamour and dream-like entity that once was embodied by Hollywood. A successful sequel to the magic of movie-making success seems unlikely — whether it’s located in Studio City, California, or Summerlin, Nevada.

The curtain appears have come down on that once glorious period. Like the end of the the Old South’s saga in Hollywood’s “Gone with the Wind,” a bygone era of mystique and dominance is likely no more. 

The slow death of cinemas

Hollywood was once the symbol of creative genius. Movies served as the vehicle for global storytelling. It was the place where human’s dreams were brought to life. Films in local movie theaters were once the crown jewel of the film industry. It’s hardly the case these days.

Advertisement

For me, it’s partly because the two cinemas where Shin and I used to spend Friday nights — dinner and a movie — are now shuttered. Reno’s downtown Riverside Theatre and Lake Tahoe’s Heavenly Cinema have both closed amid declining ticket sales, increased competition from streaming services and changing consumer habits, such as favoring movies at home. More than 1,000 U.S. theater screens have closed since 2019, and total box-office revenue remains well below pre-pandemic levels.

Hollywood’s demise has a lot to do with what has appeared on movie screens in recent times. Instead of creative, bigger-than-life sagas of the human spirit in all its varied forms — in war, peace, romance and even crime — today’s Hollywood films typically rely upon remakes, sequels and prequels of past glories, computer-generated comic book super heroes extravaganzas or horror flicks designed to frighten, or simply disgust. Call me old-fashioned. The fact is, this once avid filmgoer has become just plain disinterested. Many of my younger friends seem much the same, for their own reasons.

Even famed Oscar-winning Hollywood film director Martin Scorsese has soured on all the comic book super-hero types now frequently served-up by today’s bottom-line studios. In an interview with GQ Magazine, Scorsese says, “Superhero movies are “not cinema,” comparing them to theme parks rather than the art form of human emotion and psychological experience. He argues that they prioritize spectacle and commercial interests over artistic expression and that Hollywood’s financial dominance by these “franchise pictures” is pushing other types of films to the margins. The Oscar-winning director went on to say: “Theaters have become amusement parks.”

The last time I checked — some of those theme parks are closing as well.

Advertisement

Is a Nevada film industry a good investment?

In a recent Wall Street Journal story titled “L.A.’s Entertainment Economy Is Looking Like a Disaster Movie,” the newspaper reports: “The entertainment industry is in a downward spiral… Work is evaporating, businesses are closing, longtime residents are leaving and the heart of L.A.’s creative middle class is hanging on by a thread. Hollywood’s downturn has rippled through the region’s economy.”

Which is why some Nevadans believe luring struggling Hollywood film studios here could be a wise pursuit. As reported by The Nevada Independent, a PAC funded with $1 million by a coalition of building trades unions is preparing “to spend big to shape public and legislative opinion to pave the way for film tax legislation” if a special session is convened by the governor.

Incentives to motivate companies to relocate to Nevada have always been a tax tool in the state’s arsenal. A low-tax, limited-regulatory business environment has benefitted Nevada’s growth spurts throughout its history.

Transferable tax credits were a device to bring the Teslas of the world to Nevada. Acting like coupons that could be sold to other companies to help offset a company’s initial investment, they’ve worked effectively to attract major new industries and sports franchises to Nevada — even though libertarian organizations like the Nevada Policy Research Institute have consistently opposed having government “pick winners and losers.” Pick we did in the case of Tesla, and overall, I believe Nevada ended up a winner with the electric-vehicle company that helped usher the state into the era of advanced manufacturing.

I’m not so sure bringing Hollywood studios here would yield the same return on investment. Beyond the turmoil in California’s film industry, other states — such as New York and Georgia, with far larger economies and infrastructure, and nearby New Mexico and Utah — are already far ahead of Nevada in attracting films to be made outside of Hollywood.

Advertisement

While I support the livelihoods of construction workers — whose well-being is tied to the state’s overall health and the ancillary benefits of growth and development — I believe there are more pressing needs and far better opportunities for Nevada than becoming another annex for an on-the-ropes Hollywood.

Why not incentivize housing instead of Hollywood?

Two times, movie studio executives have tried to pass legislation to expand Nevada’s film tax credit program. They hope a Special Session, expected to be called soon, may be their third-time charm.

Should the public, through its elected representatives from both political parties, fail to get on board with the latest “central casting” call from Hollywood executives, I’d recommend another way to get creative.

Like UNR just did.

The national housing crisis manifests in many forms, but most impactful is the severe shortage of affordable housing units. State and local municipalities are increasingly taking action to build and preserve affordable housing. Localities can deploy a wide range of tools and investments: tax abatements and exemptions, tax increment financing, payments in lieu of taxes, public land contributions, low-interest rate loans, voucher deployment and more.

Advertisement

Instead of $1.4 billion over the next 15 years in tax credits for a film studio complex and related businesses, why not use those potential transferable tax credits as an economic development tool to help finance and provide a source of equity to fund construction of housing or rehabilitation for affordable housing for key segments of the economy, such as teachers, medical professionals and seniors. Large industrial partners like Tesla could be incentivized or make good on the “housing and infrastructure” promise Elon Musk made to the region and his own employees.

Better we do things for Nevadans who are already here than for those we hope to migrate here from Los Angeles.

Legendary Hollywood filmmaker Frank Capra (“It’s a Wonderful Life”), once said, “Only the daring should make films. Only the morally courageous are worthy of speaking to their fellow men for two hours, and in the dark”.

Nevada could use a little of that daring and courage. Hollywood may not be the answer. But the housing needs of many of our own families certainly are.

Advertisement

Your thoughts? At: tahoeboy68@gmail.com.

“Memo from the Middle” is an opinion column written by RGJ columnist Pat Hickey, a member of the Nevada Legislature from 1996 to 2016. 



Source link

Advertisement

Nevada

Human skull found in Nye County, authorities look for answers

Published

on

Human skull found in Nye County, authorities look for answers


Authorities on Tuesday asked for information from the public after a human skull was found near Pahrump on Sunday.

According to a Facebook post, the Nye County Sheriff’s Office said dispatch received a report Sunday evening from hikers about a possible human skull found near Barney Road and Nye Road in the Shadow Mountain area, west of Pahrump.

Detectives with the sheriff’s office went to the scene and confirmed that the skull was human, according to the Facebook page.

As of Tuesday, Nye County officials said in the Facebook post, investigators could not be certain how long the skull had been in the location where it was found.

Advertisement

The skull was set to be submitted to the Clark County coroner’s office for DNA analysis in an effort to identify the person and the person’s cause of death.

Anyone with information related to the case is asked to contact the Nye County Sheriff’s Office at 775-751-7000, option 5, according to the post.

Contact Bryan Horwath at bhorwath@reviewjournal.com. Follow @BryanHorwath on X.



Source link

Advertisement
Continue Reading

Nevada

Memories of Nevada PEPCON explosion resurface in light of California chemical emergency

Published

on

Memories of Nevada PEPCON explosion resurface in light of California chemical emergency


Thousands of Orange County residents are returning home after officials announced the threat of a catastrophic explosion in Garden Grove has been eliminated. Authorities have since reduced the evacuation zone, allowing approximately 65% of evacuated residents to return to their homes.

“What I’m stating, and I want to be very clear. The threat of a BLEVE (Boiling Liquid Expanding Vapor Explosion) has been eliminated,” OCFA Interim Fire Chief, T.J. McGovern said.

As first responders continue assessing the damage in Garden Grove, the incident rings similar comparisons to a devastating explosion that shook City of Henderson residents nearly four decades ago.

In May 1988, what began as a small fire at the PEPCON plant in Henderson sparked a series of massive explosions that rattled the entire community. The blasts left lasting memories for those who witnessed them firsthand.

Advertisement

“I still have nightmares. I will probably have nightmares for the rest of my life,” said retired Henderson Fire Capt. Donald Griffie.

In a recent interview with News 3, Griffie recalled being among the first crews on scene when the PEPCON fire erupted. Griffie recounts the explosion which was caused by ignited ammonium perchlorate; a chemical used in rocket fuel threw him and several others several feet into the air.

“The second explosion happened and I was on the ground and the next thing I know, my driver was hollering where am I and he climbed up into the ladder truck and it had blown me up into the bed of the ladder truck,” Griffie added.

County fire investigators determined the PEPCON fire was sparked by a welding torch. Griffie explained the mechanics behind the explosions that destroyed the site near Gibson Road and Interstate 215.

“What happened is those were two buildings that process ammonium perchlorate. It’s like a gas can. The heat was overcoming the building and eventually the gas expanded more than it could release, and that is what the explosions were, and those buildings were completely gone,” Griffie said.

Advertisement

Similarly, the Garden Grove incident, which began Thursday, prompted crews over the weekend to contain and cool a 7,000-gallon tank leaking what California officials described as a toxic chemical used in the manufacturing of resins and plastics.

While some raise concerns over a possible BLEVE explosion, California officials have said as of Monday the threat has been reduced, in part because a crack in the tank may be relieving some of the pressure building inside.

“With the threat of a BLEVE (Boiling Liquid Expanding Vapor Explosion) we look at a blast pattern, and all the data and intel show if you have a BLEVE with this chemical, this tank, you need this much radius. That’s been eliminated. So, if we don’t need that much area for the zones, it could potentially be shrunken. So that’s what we’re all doing right now to vet and validate those,” McGovern added.

Despite the reduced threat, authorities warned there are still ongoing safety concerns.

“There’s still a threat out there, and we need the public to keep to those evacuation zones until we deem it safe for them to come back,” officials said. “We understand the difficulties and the challenges of when we make these evacuation zones. Our communities are out of their houses; they’re out of their normalcy the way they’re living. We want them back, we really do, but we cannot allow them back when there is a safety element to them and their well-being,” T.J. McGovern said.

Advertisement

Nearly 800 emergency workers continue operating around the clock in response efforts. California Governor Gavin Newsom has also secured federal assistance to support operations in the impacted community.



Source link

Continue Reading

Nevada

Nevada communities honor fallen service members on Memorial Day

Published

on

Nevada communities honor fallen service members on Memorial Day


BOULDER CITY (KTNV) — Hundreds of veterans, families, elected officials, and community members gathered at the Veterans Memorial Cemetery in Boulder City to honor fallen service members on Memorial Day.

Ceremonies were planned around Nevada as communities paid tribute to those who made the ultimate sacrifice in service to the nation. Thousands of flags were placed near the graves of fallen service members as part of the annual tradition.

Gov. Joe Lombardo attended the ceremony, speaking to a room full of attendees who solemnly heard him address the sacrifices made by military members and their families.

“Behind every headstone is a story — a son, a daughter, a husband, a wife, a parent, a friend. These were lives of promise, lives of courage, lives of service,” Lombardo said.

Advertisement

This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.





Source link

Continue Reading
Advertisement

Trending