Nevada approves $600K loan to move Take-Two studio to Las Vegas

The Nev. Governor's Office of Economic Development unanimously approved a loan of $600,000 to help Take-Two Interactive Software move its Project Icon testing facility from Northridge, Ca. to Las Vegas.

Take-Two will lease 24,700 square feet of space in downtown Las Vegas for seven years and plans to create 150 jobs. The developer applied (PDF link) for the the funds to offset the cost of "furnishings, fixtures, equipment and offsite related parking expenses" related to the move.

The funds originate from the state's Catalyst Fund, which was created (PDF link) in 2011 to provide loans and grants to businesses that plan to relocate to the state. Take-Two, publisher of the Grand Theft Auto and 2K Sports franchises, will be required to repay the loan over five years, with a maximum payment per year of $125,000.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker