Actor and Summerlin resident Mark Wahlberg said Thursday he is no longer pursuing a "Hollywood 2.0" studio project in the master-planned community, telling the Las Vegas Review-Journal, "I think that ship has sailed, unfortunately." The announcement comes after Assembly Bill 5, which proposed $120 million in annual transferable tax credits to fund the Summerlin Studios project, failed to secure enough votes during a special legislative session last year.
Wahlberg said film studios are now pursuing other states with more competitive tax incentives. The failed legislation would have required $1.8 billion in capital investments by the end of fiscal year 2039 and $4.5 billion in direct production spending over 15 years. Wahlberg previously estimated the project would have created 10,000 jobs and diversified the Southern Nevada economy.
"I really feel like it was a big opportunity missed for the community here," Wahlberg said during an appearance at Red Rock Resort. He added that he and his team "did everything we could to make it happen." Last November, Wahlberg had indicated he would push for the credits again during the 2027 legislative session.
While the studio plan has stalled, Wahlberg is moving forward with a separate Summerlin venture. His Municipal Gym, a 30,000-square-foot facility offering memberships starting at $129 per month, is slated to open early next year in Downtown Summerlin. The gym will feature free weights, machines, recovery services including cryotherapy and red-light therapy, and a cafe.
"We came to live here to add value to the community and create opportunity that hopefully is going to enrich and help people's lives," Wahlberg said. "I'm most excited about the gym. I think we're doing something that's very different from a lot of others out there."
Sources: Las Vegas Review-Journal
Original reporting: Las Vegas Review-Journal →
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