Digital Domain’s new $51 Million Studio in Florida

If you’re planning to graduate or change jobs in the next few years, you might want to consider moving to Port St. Lucie in Florida as Digital Domain (parent company Wyndcrest) have almost completed a deal to construct a new large visual effect studio down there.

The deal includes the city, also with the help of St. Lucie County, providing Wyndcrest with:

• $28 million in bond money for equipment and to build a studio.
• $3.8 million in bond money for training, workforce development and operational costs.
• $10 million in cash from developer money the city received originally earmarked for an Interstate 95 interchange on Open View Drive between Becker Road and Gatlin Boulevard.
• 15 acres valued at $10 million contributed to the city by Tradition developer Core Communities.

In return, Wyndcrest must create up to 500 full-time jobs with an average annual salary of $64,233 by 2014. Full-time in the agreement is considered 35 hours per week. However, John Textor, chairman of Wyndcrest, said a healthy animation studio could have up to 1,100 employees.

via PSL approves $51.8 million deal for visual effects studio» TCPalm.com.

This story written by Randall Hand

Randall Hand is a visualization scientist working for a federal research lab, aiding researchers to discover the insights buried within their terabyte datasets generated on some of the most powerful supercomputers in the world. He also runs VizWorld.com .

Graphics digitaldomain