Mayor Richard M. Daley today thanked the cast and crew of “Transformers 3,” the next installment of the successful movie series, which will wrap filming in Chicago, with an estimated impact on the local economy of more than $20 million and the creation of 1,200 jobs.
“Through this opportunity and others like it, we have been able to find creative ways to boost our economy amidst the worst recession in 70 years,” Daley said. “We view the film and TV production industry as a growing component of our economic development strategy for the future of Chicago, because movies and TV shows made here showcase our city to the world, create excitement and provide jobs for our residents.”
“Transformers 3” is directed by Michael Bay and produced by Ian Bryce and Lorenzo Di Bonaventura, who was present at the news conference. The film is slated for release in 2011.
Daley also highlighted ten of the jobs created by the production were paid internships for Chicago Public Schools students.
The students are from the City’s South and West Sides, where they have already worked on video and music production projects through a Chicago Public Schools partnership with the non-profit organization Free Spirit Media.
Since 1989, more than 900 film and television projects have contributed more than $1.65 billion dollars to the local economy and provided more than 275,000 local hires.
He said it has been a “very good year” so far for Chicago’s film industry.
This past spring, an unprecedented number of television pilots were shot here and one of them -- called “Ride Along” – has been picked up and will be shot entirely in Chicago.
That means almost year-round employment for 200 local technicians and actors and an economic impact of $40-50 million per season, the Mayor said.
In addition, the feature film project of director Ron Howard starring Chicagoan Vince Vaughn wrapped its Chicago production recently.
“One of the reasons that Chicago is so attractive to producers is that it provides them with a variety of settings, both modern and historical. Chicago is also home to many talented actors and actresses, so filmmakers know that they can hire talent right here– saving money without sacrificing quality,” Daley said.
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