First Off

FresFilm, a Los Angeles film and investment company, said it will fund half of a $300-million trade-culture-sports complex at an unidentified Moscow location in a joint venture with a Soviet cooperative. Fresfilm president Tom Meehan said Tuesday in Moscow that the company, which has already announced four co-productions with Soviet film makers, has been assured by the Soviet government that it will be able to take its profits from the project out of the country in foreign currency. That part of the deal is similar to an agreement announced last week between the Soviet film authority Goskino and the Motion Picture Export Assn. of America. The complex to be built by FresFilm and Cooperative Circle, its Soviet partner, will start with a small store and then a hotel for foreigners, Meehan said, eventually including an arts center, sport facilities, conference halls, a library, an amusement park, an art gallery and a television studio.