Port St. Lucie tries again to unload studio of failed Digital Domain

The 115,000 square-foot building occupies a 15-acre site along Interstate 95. (Source: Palm Beach Post)

 

From The Palm Beach Post: The city of Port St. Lucie, still trying to offload the palatial headquarters it built for movie animator Digital Domain, said it’s hosting an open house at the empty building on Wednesday. The Post previously reported that Jupiter Island’s John Textor was the mastermind who lined up more than $130 million in government incentives … the largest jobs incentive failure in state history.

Port St. Lucie remains on the hook for $40 million in bonds it issued to build the facility. The city negotiated a $14 million sale last year, but that deal never happened.

For the complete story: http://realtime.blog.palmbeachpost.com/2014/12/05/port-st-lucie-tries-again-to-unload-studio-of-failed-digital-domain/

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