Slightly edging their business in a more sustainable direction, Paramount Pictures announced a 25-year plan yesterday aimed at pumping $700M into its 62-acre property in Los Angeles. Called “The Hollywood Project”, it would involve taking down four 5,000-square-foot soundstages and building five new, 20,000-plus square-foot soundstages. While not sharing any specifics, the entertainment company also said that their new headquarters building will be developed according to LEED (Leadership in Energy and Environmental Design) standards.
Last year, we spotlighted some of the additional green efforts Paramount is taking with their LA lot. I’m hopeful that this redevelopment incorporates even more sustainable additions (how about solar on every building?) than what was revealed in this release.