Russell Crowe is the latest to cash in on the country's film boom, announcing he will build a major film studio in Coffs Harbour on the NSW mid north coast where the Oscar winner lives.
The $400 million studio, including post-production facilities, will be created at the Pacific Bays Resort and is being billed as a family-friendly production hub that will provide a major economic boost to the coastal town.
The seaside precinct will include a boutique hotel, a state-of-the-art film school and an indigenous art gallery, and is just 25 minutes away from Crowe's farm at Nana Glen where he has played host to many of his Hollywood colleagues.
The resort, owned by Olympian Peter Montgomery, already boasts a nine-hole golf course, three swimming pools, tennis courts, restaurant and bars, a conference centre, resort spa and gym.
Coffs' internationally capable airport is only eight minutes' drive from the proposed studio and village, and the nearby M1 provides access to major cities.
Hollywood producer Keith Rodger says the proposed Pacific Bay Resort Studios and Village is a great win for the region as well as the industry.
"By providing everything cast and crews need within the studio complex we can eliminate the time usually lost due to the logistics of bringing a production together in a major city or isolated regional studio," he said in a statement on Wednesday.
"Combine that with LED virtual studios, sound-proofed stages, water tanks, a full resort, an adjoining city offering the freshest and best cuisine, our coastal lifestyle - all designed to make production more efficient, cost-effective and enjoyable for actors, crews and their families."
The team behind the project says it will create large numbers of jobs and high-skill careers for people in regional NSW.
Builders, animators, programmers, cinematographers, accountants, hair and make-up artists, drivers, caterers, stunt performers and others could benefit.
Planning applications for the project have been finalised and will be lodged with the NSW government as a state significant development.
Deputy Premier John Barilaro celebrated the announcement, and said the government would seek to designate the region as a dedicated jobs precinct.
That would enable fast-tracked infrastructure approvals and planning support.
"This project has the potential to elevate Coffs Harbour to the world stage with international demand for filming space currently at an all-time high," Mr Barilaro said.
"The proposal ... would provide an exciting new industry for the region," he said.
