Digital Domain is largest failure in Florida’s history of providing public incentives to private employers

John Textor (Source: Palm Beach Post)

The Palm Beach Post reports that Digital Domain’s former chairman, John Textor [of Jupiter Island], negotiated $135 million in state and city incentives to build a film studio in Port St. Lucie and a film school in West Palm Beach. The film studio and part of the school closed this month, marking the largest failure in the state’s history of providing public incentives to private employers. Taxpayers’ investment in Digital Domain Media Group proved a boondoggle, but the company’s collapse is a boon for the firm managing the bankruptcy reorganization.

For the complete story: http://www.palmbeachpost.com/news/business/fti-consulting-to-collect-15-million-for-sale-of-d/nSNjp/

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