PORT ST. LUCIE — City property owners may be able to avoid a proposed 26 percent increase in their property taxes.

During a special meeting Wednesday, the City Council unanimously agreed to use half of the city’s general fund reserves to keep the property tax rate at its current rate of $4.22 per $1,000 of taxable value. The council will formally vote on setting the property tax rate during scheduled 7 p.m. public hearings Sept. 14 and Sept. 28 at City Hall.

Using the city’s median home price of $112,000 with a $50,000 homestead exemption, an average city property tax bill using the current rate would be $261, excluding taxes from other agencies, such as the school and fire districts.
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PORT ST. LUCIE — The City Council Monday night unanimously agreed to move forward with purchasing 15 acres from Tradition Outlet LLC for $10 million, a move that puts up half the state’s contribution to help a Hollywood executive set up a digital production studio.

The studio could create up to 500 jobs and bring Florida State University’s Film Studies program to the Treasure Coast.

The package includes the local governments building a 150,000-square-foot studio for Hobe Sound-based Wyndcrest Holdings, a private investment firm focused on entertainment and Internet technology headed by Jupiter Island resident John Textor.
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By ALLISON ROSS
Palm Beach Post Staff Writer

PORT ST. LUCIE — A creative technology investment company plans to build a digital production studio in Port St. Lucie that could bring at least 500 jobs and a $50 million capital investment to a county struggling with a 14.1 percent jobless rate.

Hobe Sound-based Wyndcrest Holdings LLC — which focuses on

entertainment, telecommunications and Internet technology — announced Thursday that it has already begun recruiting a senior

management team for the planned 150,000-square-foot facility. It will include artist studios, office suites, screening theaters, software design studios and community access areas.

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