To be designated a qualified media production location, a location must be land or other real property that is in a media production development zone and will:
(1) be used exclusively to build or construct one or more media production facilities;
(2) if the real property is a building or other facility, be renovated solely for the purpose of being converted into one or more media production facilities; or
(3) if the real property consists solely of one or more media production facilities, be improved or renovated for that purpose or will be expanded into one or more additional media production facilities.