From Hollywood Reporter. No sign no who's playing Hal Jordan, though.

'Green Lantern' to shoot in Sydney
Warner, DC drawn to Oz by federal, state incentives

By Pip Bulbeck

April 16, 2009, 01:51 AM ET
SYDNEY--Warner Bros. and DC Comics' next big budget feature, "Green Lantern" will be made at Fox Studios Australia in Sydney, New South Wales premier Nathan Rees said Thursday.

Martin Campbell, director of "Casino Royale," will be at the helm of the comic book's big screen adaptation, working from a script by Greg Berlanti and Michael Green. Donald Deline will produce with a reported budget of $150 million.

Rees said the film would create around 500 jobs and include a "substantial investment" in digital effects work in Australia.

"Green Lantern" should be eligible to receive the Australian federal government's 15% location rebate on top of the incentives supplied by the New South Wales government to bring the project to Fox. New South Wales outbid interstate rivals Victoria and Queensland for the work.

"The decision by Warner Bros. to locate the production in New South Wales is tangible evidence that having a competitive incentive scheme in place returns positive results," Fox Studios Australia CEO Nancy Romano, said.

The project is the latest film also to be attracted by the decline in the value of the Australian dollar.

"Green Lantern" is the third Warner Bros-backed feature being made in New South Wales. "Happy Feet 2" is in development there and "Guardians of Ga'Hoole" is now in production by Animal Logic.

Pre-production on "Green Lantern" is set to begin in July, and filming scheduled to start in November. Warner hopes to release the film in December 2010.