CBS Television City $1.25 billion overhaul plans revealed

Los Angeles Times

The iconic Los Angeles studio that is the filming location for James Corden's Late Show, Dancing with the Stars, The Price is Right, The Young and the Restless, American Idol and Real Time with Bill Maher has been home to dozens of iconic TV series, including All in the Family, The Carol Burnett Show and Three's Company. New owner Hackman Capital Partner has now unveiled plans to transform the studio, now known as Television City, into something more modern using the latest technological advances. "The owner’s proposal calls for raising the number of stages to at least 15, from 8, along with production support facilities and offices for rent," reports the Los Angeles Times' Roger Vincent. "To make room for the planned net addition of more than 1 million square feet, parking would be converted from surface lots to garage structures capable of parking 5,300 vehicles. Two stages built in the 1990s on the east side of the lot would be razed as part of a planned reconfiguration of the site. The four original stages built by CBS in 1952 would be preserved along with other historical design elements created by Los Angeles architect William Pereira, who also designed such noteworthy structures as the futuristic Theme Building in the middle of Los Angeles International Airport and the Transamerica Pyramid office tower in San Francisco."