WPB Seeks To Recover Digital Domain Site

Oct 28, 2012 No Comments by

The city of West Palm Beach expects to recoup its prime downtown site from what remains of Digital Domain, a company that promised, before it went bust, to put Florida on the movie-making map.

The city, which gave the parcel, valued at an estimated $10 million, to St. Lucie-based Digital Domain Media Group, is working a deal for the return of the land in exchange for not suing the digital animation company, its directors or its lenders, The Palm Beach Post reports.

A bankruptcy judge must still approve the agreement.

 

Source:  Palm Beach Post

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Industry News, NA, Office, Palm Beach County Office
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