St. Lucie County official blames state for Digital Domain layoffs

Release time：2012-10-10
Browse：4775

PORT ST. LUCIE, Fla. — The county's Economic Development Council president said Monday he would not have signed off on the Digital Domain deal had it not been for the state's money and assurance that it had vetted the company.
Larry Pelton said Port St. Lucie and St. Lucie County had to follow suit and offer incentives and tax abatements after the state ponied up $20 million.
"I personally called (the Office of Tourism, Trade and Economic Development) to verify that they had done their due diligence when they gave that grant," Pelton said. "And the person that I talked with at OTTED said, 'Absolutely.' "
Pelton said Digital Domain's decision to shut down the moviemaking part of its business at Tradition Studios Friday will affect local officials' future decisions regarding public incentives.
"I think very obviously this should certainly signal that there's no company out there that's worth that kind of money any more and taking that much risk,"

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