LONG BEACH - A deal to locate a movie studio at the former Boeing 717 site wasn't signed Monday but will be this week, a studio executive said.

Long Beach Studios Chairman Jack O'Halloran said Monday that because of the Columbus Day holiday he wasn't able to meet with Boeing to sign the deal. On Friday, O'Halloran said that he had gotten financing for the $375 million movie studio and that the contract would be finalized Monday.

Now, he says it will happen "within 48 hours."

"The deal is happening, it will happen," O'Halloran said by phone.

O'Halloran had first announced his ambitious plan to locate a movie studio with 40 soundstages at the 77-acre site north of Long Beach Airport more than a year

ago. Production on the 717 airplane ceased there in 2006.

However, financing problems caused the deal to fall out of escrow in March.

Boeing since has been talking with Tesla Motors to locate a vehicle assembly plant at the site. Long Beach and Downey were named as finalists for the Tesla plant in August and have been competing to woo the car company.

Boeing spokeswoman Debby Arkell said Monday that as far as Boeing is concerned, "the status of the (717) facility hasn't changed."

"We're still out of escrow and continuing to work with Long Beach Studios and other prospective partners," Arkell said.

After O'Halloran's financing news became public Friday, Mayor Bob Foster was guarded in his optimism.

"I want to see a deal that's inked," Foster said.

The movie studio is expected to create 2,500 to 3,000 jobs. A Tesla plant would create 1,000 to 1,200 jobs, that company estimates.

According to the Long Beach Studios Web site, www.longbeachstudiosllc.com, the project would include "40 soundstages ranging in size from 12,000 to 200,000 square feet, and over 300,000 square feet of full-service rental office space." The Web site also says the studio site would have a 5-star hotel spa.

paul.eakins@presstelegram.com, 562-499-1278