LOS ANGELES (CBSLA) — A $650-million movie and TV studio has been proposed for the heart of Downtown LA.

(credit: CBS)

Los Angeles downtown has often been the site of lights, cameras, and action – but most Hollywood industry production lots are located areas like Burbank, Studio City, and Culver City. The proposed Alameda Studios project would bring a Hollywood-style lot to the site of the Los Angeles Times printing plant, which is visible from the 10 Freeway.

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The lot is 26 acres near the Arts District, and would include 17 sound stages for movie and TV productions, screening theaters, restaurants and fitness facilities.

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Atlas Capital Group, which owns the property and has submitted its plans to the city, says the project could bring in thousands of jobs.

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The building where the Los Angeles Times presses are located would not be converted until the newspaper vacates the property.