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Video: Richard Verrier on Universal Studios' rebuilt New York street set

May 25, 2010 |  4:47 pm

Universal Studios' back lot is rising from the ashes.

The studio on Thursday will unveil its refurbished New York street movie sets that burned down in a fire nearly two years ago. That's good news for the local film industry at a time when Los Angeles is struggling to keep movie and TV productions from leaving the state. After all, reporter Richard Verrier writes, New York is L.A.'s biggest rival and is gearing up to expand its film tax credits.