Mark Wahlberg says the push to bring a 'Hollywood 2.0' film studio project to Summerlin is over after tax credits failed

What happened

Mark Wahlberg, an actor who lives in Summerlin with his family, said he is no longer part of the effort to build a "Hollywood 2.0" film studio project in Summerlin, the Las Vegas Review-Journal reported. He spoke to the newspaper Thursday during an appearance at Red Rock Resort.

"I think that ship has sailed, unfortunately," Wahlberg told the Review-Journal. He said studios have stopped looking at Southern Nevada and are now pursuing other cities and states that offer the most competitive tax credits.

Why the studio plan stalled

According to the Review-Journal, the Summerlin Studios project depended on the Nevada Legislature approving $120 million in annual transferable tax credits. That effort failed for a third time last year, when Assembly Bill 5 fell short of the votes it needed during a special legislative session.

What Assembly Bill 5 would have required

The Review-Journal reported that the bill would have required the studios to make $1.8 billion in capital investments before the end of the 2039 fiscal year. It also called for $4.5 billion in direct production spending over the 15-year life of the program, which would have expired in 2044.

A change from last fall

After the special session vote, Wahlberg told the Review-Journal last November that he would keep pushing to bring the studios to Southern Nevada during the 2027 legislative session. His comments this week mark a reversal of that plan, since he now says the studios are no longer interested in the state.

What backers said was at stake

Wahlberg said the studio plan would have created 10,000 jobs and helped further diversify the Southern Nevada economy, the Review-Journal reported. He called it unfortunate that the project could not move forward.

"I really feel like it was a big opportunity missed for the community here," Wahlberg said. He added, "But we did everything we could to make it happen."

Competition for film production

Wahlberg's explanation for the studios' exit centered on incentives. He told the newspaper that studios are going wherever tax credits are the most competitive, rather than focusing on Nevada. Readers following other development news in the valley can track how incentive debates shape large projects.

A smaller Summerlin project moves ahead

While the studio plan has ended, the Review-Journal reported that another Wahlberg business is close to opening. His Municipal Gym is slated to open early next year in Downtown Summerlin.

What the gym will offer

The 30,000-square-foot facility will offer monthly memberships starting at $129, according to the Review-Journal. Plans include free weights and machines, along with red-light therapy, cryotherapy, massage, a dry cold plunge, sauna and steam rooms, and a cafe.

Wahlberg told the newspaper he is most excited about the gym and said his family moved to the area to add value to the community. More coverage of the area is available on our neighborhoods page.

What to watch next

• Wahlberg's Municipal Gym is slated to open early next year in Downtown Summerlin, with memberships starting at $129 a month, according to the Review-Journal.
• The 2027 legislative session, which Wahlberg had previously named as his next attempt at studio tax credits, is upcoming; he now says he is no longer part of that push.