From Cinematical.com:

Gore Verbinski and Bioshock just can't catch a break. Back in April, Universal put the breaks on the video game adaptation because of its swollen budget, estimated to be $160 million and rising. The studio was pushing Verbinski to move production to the U.K. and take advantage of the tax credits there.

Even then, Verbinski seemed reluctant to uproot the production, and now he's told the LA Times that he may be off the film because of it. "The bottom line is it has to shoot out of the States for budget reasons and my schedule may be prohibitive. There's a great script and a really interesting cast. It really comes down to the financial model now. Big movies are just not being shot in the States. I'm weighing whether I can physically go the U.K. or Australia or one of those other places with a tax rebate for a year-and-a-half."

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