This is awesome news for the entertainment industry in Western New York.

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According to WKBW, Great Point Capital Management has filed plans with the City of Buffalo to build a “state-of-the-art” film and television studio complex on Niagara Street — located on the west side of Buffalo.

Great Point signed a deal to purchase a building site, which is across from Rich Products.

The studio will cost upwards of $50 million and will include not one, but TWO, 20,000-square-foot stages with an additional 70,000-square-feet in office and support space.

Here's what it'll look like!

Phase 1 of construction is expected to begin in September and be completed in the fall of 2021. There will be two phases of building.

“Buffalo is an ideal city for a state-of-the-art film and television complex. A combination of great locations, well-trained crew and tremendous support from local government, has made Buffalo a desirable destination for filmmakers. With the addition of the studio, Buffalo will see year-round activity, said Fehmi Zeko, co-founder of Great Point Capital.

This sounds amazing! I was a journalism major in college at Buffalo State on the west side and the number of people who will be overjoyed by this cannot be understated!