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April 19, 1999 | JAMES BATES, TIMES STAFF WRITER
After more than three years of delays and frustrations, DreamWorks SKG is expected to announce this week that it has finally purchased 47 acres at Playa Vista, the biggest step in the company's efforts to build Hollywood's first major studio lot since the Great Depression. The $20-million purchase--paid with $13 million in cash and a $7-million note--could be announced as early as today or Tuesday.
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BUSINESS
April 19, 1999 | JAMES BATES, TIMES STAFF WRITER
After more than three years of delays and frustrations, DreamWorks SKG is expected to announce this week that it has finally purchased 47 acres at Playa Vista, the biggest step in the company's efforts to build Hollywood's first major studio lot since the Great Depression. The $20-million purchase--paid with $13 million in cash and a $7-million note--could be announced as early as today or Tuesday.
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