Construction of the film park could create 6000 jobs across New Zealand, including 4000 in the Queenstown Lakes district, beginning next year, the application documents say.
An economic impact assessment included says over the first 11-year period Silverlight Studios could add about $1.7 billion to New Zealand's economy, including $969m in the Queenstown Lakes area alone.
Site preparation and bulk earthworks could begin next year.
An 11ha lake at the centre of the site would be developed in 2023, as would an Italian and a seaside village.
Construction of the Paris replica would begin in 2024.
That of New York would follow in 2025 and the Venice replica would conclude the construction project in 2026.
The film park would include film sets, post-production facilities, a film school, a screening theatre, a film exhibition centre — and supporting facilities, including cafes, restaurants, tourism, hospitality and conference facilities, and specialist film-related retail outlets.
The sound stages would be supported by production offices within the Italian village.
A medieval village and hall and the lakeside village would be used as part of the tourism component.
On-site accommodation would allow Silverlight Studios to operate as its own self-contained "bubble" if required, the application says.
The buildings in the sound stage would reach 17m, the skylines of Venice, Paris and New York City would be 14m tall.
The replica of the world's most commonly used film location, New York's Central Park, would cover 50,000sq m and while the tops of the trees might be visible from the state highway they would blend with the existing shelter planting throughout the site, the application says.
It says increased global demand was driving competing streaming services to produce more shows to remain relevant and maintain viewer numbers.
But a worldwide shortage of studio space had been created as the ''big five'' of Amazon, Apple, Netflix, Disney and HBO were competing for space and taking out long-term leases to produce their various series.
The documents reveal Silverlight Studios' plans for an international screen production company to take over primary use of the film park on a 10-year lease, rotating back-to-back productions through the various spaces available to them.
Numbers would be expected to reach 35 cast and 700 crew on an average-sized project during its production phase.
An estimated 85 per cent of the staff in any year would be expected to be from within the area, with about 15 per cent coming from overseas, documents say.
But with the potential for a regular cycle of projects, many of the crew were anticipated to move permanently to Otago.
One unintended consequence of the film park, which the application suggests, is despite significant positive economic effects for Wanaka and the wider area, the proposal could result in higher prices, and reduced availability, of residential properties to buy or rent nearby.
However, it says it is expected those effects would lessen in the medium to long term as the market moved to meet demand.
Overall, the assessment says the positive effects of the development would outweigh the adverse effects on the wider community.
