Posts Tagged ‘Economy’
Monday, October 19th, 2009 by Cara Fitzpatrick

Port St. Lucie Civic Center
When the Port St. Lucie Civic Center opened last year, it was lauded as the start of downtown-style development.
Mayor Patricia Christensen called it the “beginning of a new era.”
Since its opening, though, the $25 million facility has had more success as a recreation center than as the economic anchor of a burgeoning “downtown” in a city built without one.
Its surrounding streets, with names such as Progress Lane and Main Street, are flanked by empty fields.
Its rental facilities have been used 180 times. Rental rates were cut in half late last month.
“The whole idea for this was to stimulate the development of a downtown and obviously the economy has had an effect on that,” said Chuck Proulx, the city’s parks and recreation director.
(more…)
Tags: business, civic center, Economy, Port St. Lucie, St. Lucie County
Posted in Community events, Economy, Port St. Lucie, St. Lucie County, Treasure Coast business | 3 Comments »
Thursday, October 15th, 2009 by TCPalm.com
INDIANTOWN — Beyond the taqueria and past the cattle ranches here, more than 700 workers are busy building the largest solar-power plant in Florida.
They’re assembling giant aluminum frames that stretch 40 feet long and weigh 2,800 pounds apiece.
When the frames are finished, they will fit them with 192,000 mirrors.
And, eventually, they will attach steel pipes to hold liquid that the sun will heat to 700 degrees Fahrenheit.
To see the scene at Florida Power & Light Co.’s solar-thermal plant in western Martin County is to think that a new era of clean energy has finally dawned in the Sunshine State.
But not so fast.
Despite lots of talk about the need to be green, state lawmakers dragged their feet on proposed legislation this year. They never managed to pass a renewable-energy bill.
FPL says it has more solar projects ready to go — but it can’t build them until the state approves a law allowing it to recover the costs of construction. (more…)
Tags: Economy, eve samples, FPL, green energy, jobs, solor power, Tallahassee, workers
Posted in Economy, Indiantown, Treasure Coast business | 2 Comments »
Monday, October 12th, 2009 by Mike Bender
TALLAHASSEE — Two safeguards on a secretive process that turns tax dollars into cash incentives for private corporations were quietly removed in the final days of the 2009 legislative session to help a Jupiter Island investment manager quickly secure $20 million for his digital animation company.
An amendment gave Gov. Charlie Crist’s office, which helped craft the language, sole authority to award $42 million in economic development money. As a result, nine companies, each identified only by a code name, were awarded shares of the money within a week this summer. One $7.4 million project in Taylor County was never discussed in public.
Nearly half of the summer’s total went to Project Bumblebee — a proposal from John Textor, who is targeting Port St. Lucie for a spinoff of Digital Domain, a visual effects company he owns with Hollywood blockbuster producer Michael Bay.
Textor has promised that the spinoff, Wyndcrest Holdings, will create 500 jobs by 2014, and the recession-ravaged city is considering a separate incentive package worth $10 million in cash, land in Tradition and additional stimulus money from the city and St. Lucie County for a building.
But while the city considers its offer, the last-minute state budget amendment has already benefited the election campaigns of Crist and state Reps. Kevin Ambler, R-Tampa, and David Rivera, R-Miami, whose support was critical for the amendment.
Just days after the legislative session in May, which ran into overtime as lawmakers squabbled over the budget, Textor gave $5,000 to the Republican Party of Florida’s federal campaign account to help Crist, who has raised more than $6 million for his U.S. Senate race next year.
In June, Textor gathered $2,000 in donations for Ambler and $1,500 for Rivera. Textor also helped arrange for former Miami Dolphins quarterback Dan Marino, one of Textor’s business partners, to attend Ambler’s kickoff fund-raiser last month for Ambler’s state Senate campaign. Textor said he hopes to host a fund-raiser for Ambler in Palm Beach County. (more…)
Tags: business, digital domain, Economy, Port St. Lucie, St. Lucie County, Tallahassee
Posted in Economy, Port St. Lucie, St. Lucie County, State, Treasure Coast business | 1 Comment »
Monday, September 14th, 2009 by Cara Fitzpatrick
Land doesn’t get cheaper than this.
Two years ago, Martin County commissioners approved plans for a 139-acre industrial park in Indiantown under rules that allow for quick development.
Now, Venture Park is still empty — and a developer is offering 2.6 acres for free in a bid to jump-start the local economy.
The parcel has a value of about $679,000, or about $6 per square foot. (more…)
Tags: business, Economy, Indiantown, Martin County
Posted in Economy, Indiantown, Martin County, Treasure Coast business | No Comments »
Friday, September 11th, 2009 by TCPalm.com
VERO BEACH — If the owner of Vero Fashion Outlets mall doesn’t answer a $32.15-million mortgage foreclosure lawsuit by Sept. 16, it could lose the right to defend itself in the case, according to attorneys.
If so, a judge could order the outdoor mall at Interstate 95 and State Road 60 — the first large mall in the county — to be sold.
“We plan to stay open during the foreclosure and after,” said West Palm Beach attorney Kenneth Curtin, who represents the mortgage holder, LNV Corp., of Nevada. “The mall will stay the same as it is now, with tenants.” (more…)
Tags: assets, attorney, bank, beach, court, default, Economy, foreclosure, foreclosures, judge, lawsuit, mall, name, property, retail, roads, sheriff
Posted in Stuart | No Comments »
Thursday, September 10th, 2009 by TCPalm.com
VERO BEACH — A Nevada corporation that holds the mortgage for Vero Fashion Outlets is seeking to foreclose on the mall, according to civil lawsuit filed in Indian River Circuit Court.
LNV Corp. of Nevada is seeking $32.15 million, including principal and interest, because the mall defaulted on payments, according to the lawsuit.
“Vero (Fashion Outlets) has defaulted,” wrote attorney Kenneth Curtin, of West Palm Beach, in a lawsuit filed Aug. 26. It is assigned to Circuit Judge Paul Kanarek. No action has been taken in the civil lawsuit and the mall’s owners have not responded to the allegations. Curtin did not return calls Wednesday.
(more…)
Tags: attorney, beach, court, default, development, driving, Economy, Florida, foreclosure, foreclosures, hand, holdings, hunt, insurance, judge, lawsuit, mall, name, newspaper, pinching, polo, property, retail, special, taxes, value, web, wife
Posted in Economy, Treasure Coast business, Vero Beach | No Comments »
Thursday, August 27th, 2009 by TCPalm.com
VERO BEACH — New Orleans resident Lionel Sims broke a hole in his roof to be rescued from Hurricane Katrina’s devastating flood waters in August 2005, but he had to leave behind a best friend, his dog Peanut.
Rescuers said they couldn’t take the dog.
Sims didn’t know if Peanut was dead or alive for about two months, until an American Red Cross volunteer tracked it to the Humane Society of Indian River County and Vero Beach.
And the two were reunited.
(more…)
Tags: adopted, adoption, animation, baby, beach, best, club, dies, dog, dogs, Economy, flooding, Florida, food, golf, hand, holes, homeless, hurricanes, identity, jobs, man, name, pet, pets, saw, volunteer, volunteering, volunteers, water, wife
Posted in Stuart | 1 Comment »
Tuesday, August 25th, 2009 by TCPalm.com
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.
(more…)
Tags: animation, bond, business, cash, college, communication, contract, development, digital, economic, Economy, employment, Florida, government, grants, holdings, Internet, jobs, layoffs, loss, losses, money, police, production, property, roads, salary, Schools, stimulus, students, taxes, Tradition, wyndcrest
Posted in Economy, Port St. Lucie | 1 Comment »
Monday, August 10th, 2009 by TCPalm.com
STUART — The nonprofit Surfrider organization isn’t doing much celebrating two weeks after its 25th anniversary Arts and Music Celebration has left about $75,000 in unpaid debts, about half to local vendors.
The Treasure Coast chapter president has resigned under pressure from the local board, which said he exceeded his authority in organizing the event.
And, the Surfrider Foundation’s Florida group of chapters has canceled its state conference to put that money toward paying the bills.
(more…)
Tags: art, author, bankruptcy, beach, best, budget, business, California, caterer, celebrities, coffee, contract, discount, discounts, Economy, electrician, fees, Florida, food, hotel, insurance, man, Mets, money, national, photograph, police, rain, resigned, security, Stuart, Traffic, turnout, Weather
Posted in Community events, Economy, Port St. Lucie | 6 Comments »
Friday, July 31st, 2009 by TCPalm.com
ST. LUCIE COUNTY — Four of the five commissioners who oversee the county’s $587 million budget suffered personal declines in their net worth last year.
Commission Chairwoman Paula Lewis, on the board since 1996, was the only one to record an increase, growing nearly $20,000, even as her home dipped in value by $10,000 and liabilities grew by $3,000.
The largest drop was recorded by Commissioner Chris Dzadovsky, who was elected to the board in 2008. He saw his net worth down nearly $200,000 from the prior year, with real estate being the biggest reason. His two residential properties in Fort Pierce lost a combined $185,063 in value from 2007 to 2008. (more…)
Tags: commissioners, Economy, gains, loan, loss, net worth, salary, trend, value
Posted in Economy, St. Lucie County | No Comments »