Carissa Carpenter emailed Patch Thursday night to say that Morning View has signed letters of intent to buy 300-acres worth of land in the City of Dixon. Prior to that, they had only 219 acres within town, supplemented by three county parcels that to reach the needed 300.
Morning View intends to build a $2.8 billion film studio in Dixon. Watch video of Carpenter on the right >>
They now have "over 300 acres in the city and 120 acres in the county," wrote Carpenter in her email, referring to the letters of intent that have been signed.
Morning View had given the remaining landowners until Friday to sign letters of intent to sell the land at the price they had offered. (The amount is confidential). After Friday, Morning View would proceed no matter what.
There are several steps ahead: They will involve the planning commission, the city council and those involved with the actual sale of land. It's our understanding that if nothing changes, the letters of intent will be signed as purchase agreements, which will be followed by escrow.
Morning View will also need to wire $100,000 to the city to pay contractors and cover the city’s costs of working on the project.
Carpenter, who is not one to hide her excitement, says that the studio's website is ready to go live, but hasn't been unveiled because they want the plans to reflect the anticipated footprint of the studio.
We'll follow as the story develops and more details emerge. Share your thoughts below.