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Posted: May 21, 2013 9:00 p.m.

IDA mulls potential Triple Horse deal

Triple Horse officials continue to work on putting together their planned $38 million studio complex, and the Newton County Industrial Development Authority continues to discuss a potential land deal for the company.

The authority met in executive session for about an hour Tuesday to review documents concerning a potential land deal drawn up by authority attorney Frank Turner Jr.

The authority did not take any vote following the executive session.

Chairman Keith Ellis was absent for the discussion because he attended the grand opening of the West Side precinct of the Newton County Sheriff’s Office; he was briefed by Turner after the meeting.

The authority also discussed the deal in executive session at its May 2 called meeting.

Triple Horse, a multifaceted media company with 11 subsidiaries, announced plans April 11 to eventually build a $100 million studio complex to rival those in Hollywood; the initial, $38-million phase, the company said, would include five high-quality soundstages for filming.

Triple Horse made its initial presentation to the industrial development authority March 26, according to authority Chair Danny Stone.

All authority members agreed they were interested in the project and wanted more information to move forward, he said previously.

The company is looking at a 160-acre-plus tract of land off Ga. Highway 142 northeast of the airport.

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