THR is reporting that Martin Campbell’s upcoming superhero blockbuster The Green Lantern has decided to leave Australia and head to either Mexico or Canada for production. This news is no surprise due to the “current global economic situation, including fluctuations in currency valuation and overall costs.” THR says, “On Friday the Australian dollar hit a 27-year high against the U.S. dollar, closing at 95 cents, a 30% decrease in value for the greenback since the shoot was announced six months ago, and which would reportedly add over $20 million in cost to the production.”

In July Ryan Reynolds was confirmed as the lead. The screenplay for Lantern was penned by Greg Berlanti (Everwood, Eli Stone), Marc Guggenheim (Law & Order, Eli Stone) and Michael Green (Smallville, Heroes). The Green Lantern character was created by writer Bill Finger and artist Martin Nodell in All-American Comics #16, published in July 1940. He possesses a power ring that gives him control over the physical world as long as the wielder has sufficient willpower and strength to wield it. It looks as if the release date is far enough away for these troubles to not hinder production.

The Green Lantern is still looking at a June 17th, 2011 release date.

What do you think these production woes mean for Green Lantern? Will we see a change in release date?

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