POLITICS

Colorado approves $5 million incentive for filming of Tarantino film 'The Hateful Eight'

09/26/2014 03:11 EDT | Updated 11/26/2014 05:59 EST
DENVER - Colorado has approved a $5 million incentive package to lure production of the upcoming Quentin Tarantino film "The Hateful Eight."

The state Economic Development Commission approved the package Friday. The Denver Post reports (http://dpo.st/1utJtW5 ) that Colorado's incentives beat out those of Utah and Wyoming. The film could be filmed on a 900-acre ranch west of the ski town of Telluride, depending on local permit approval.

Budgeted at $44 million, the film would be the most significant production in Colorado since 1969's "True Grit." That classic was filmed near three rural western Colorado cities.

"The Hateful Eight" is set in the early 1870s and slated for a 2015 release.

The newspaper reports the incentive package would use the rest of the year's incentive budget, plus some of next year's.