Mayor proposes land sale for film studio in South Shore

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The planned Regal Mile Ventures film studio in South Shore would incorporate approximately .5 acres of city-owned property through a land sale agreement proposed to City Council by Mayor Lori Lightfoot.

Consisting of six vacant lots on the southwest corner of 77th St. and Blackstone Ave., the properties would be sold to Regal Mile Ventures LLC for $31,000.

The lots would eventually be incorporated into the $75 million movie studio complex, which is planned for approximately seven acres of partially improved land on the 7700 block of South Chicago Ave. by ID8 Ventures, which produces “The Chi” television series, and Loop Capital Markets.

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