The Palm Beach Post

Posts Tagged ‘Wyndcrest DD Florida Inc.’

PSL deal for movie special effects studio comes in at $51.8 million

Friday, November 20th, 2009 by TCPalm.com

PORT ST. LUCIE — The bill to attract a movie special effects studio is finally in, and it’s a potential blockbuster.

The city has put together a proposed $51.8 million deal, in addition to a $20 million state incentive package, to build a movie and video game animation and military simulation studio on 15 acres within Tradition.

City Manager Don Cooper said Thursday the agreement requires Wyndcrest DD Florida Inc. to reimburse the city for the entire financing, except for a $10 million cash grant from developers, through a 20-year annual lease. (more…)

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