The Stagecoach Foundation in Santa Fe, where Martin lives, will be open to new filmmakers and Hollywood heavyweights. It will be housed in a 30,000 square-foot building, which was donated to the writer by a generous Sante Fe citizen.

It is unclear when the facility will open, but according to the Albuquerque Journal, Joel and Ethan Coen will use the studio to film their new movie. Their Oscar-winning 2007 film No Country for Old Men was partly shot in the U.S. state.

Applauding Martin for the move, Mayor Javier Gonzales says, "As a foundation and a non-profit, his vision (is) to make this facility accessible and affordable (so film and digital artists will have a space) where they can go and create."