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Kaufman Astoria Studios agreed a new 99 year lease term extension.

Keep the reels rolling!

Senator Charles Schumer and Congressmember Carolyn Maloney announced the approval of Kaufman Astoria Studios’ 99 year lease term extension under the Historic Surplus Property Program by the National Park Service (NPS). Early this month, Schumer and Maloney requested that NPS approve this application, stating the extension would allow business expansion in the studio by providing long-term investments and make it easier to access the capital Kaufman needs to grow and expand.

“This lease term extension will give Kaufman Astoria Studios the security and predictability it needs to grow, create more jobs and expand its business in Queens,” said Schumer. “This studio is full of history and with New York City’s growing film industry, I am pleased that the National Park Service has said ‘lights, camera, action’ for this new extended lease.”

The legendary studio opened in 1920 and became the home to Paramount Pictures. Stars like Harrison Ford, Meryl Streep and Al Pacino have worked on productions at Kaufman Astoria Studios. Sesame Street is also filmed at the renowned studio. Kaufman Astoria Studios was designated as a National Historic District in 1978.

Its extended lease will end in 2099.

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