Domino asks Crist to stop payment on $20M award for Port St. Lucie company

by Michael C. Bender | October 16th, 2009

State Rep. Carl Domino, R-Jupiter, has asked Gov. Charlie Crist’s office to stop payment on a $20 million cash incentive awarded to an animation company hoping to open a Port St. Lucie studio, according to a letter obtained Thursday by The Palm Beach Post.

Domino

Domino, an investment manager, said the state’s money was at “significant risk” with Wyndcrest Holdings, the parent company of Digital Domain, a private California-based studio that specializes in movie effects.

Domino lost money in an investment deal with Wyndcrest CEO John Textor about 12 years ago, but Domino said the letter to Crist was not retribution. He also acknowledged he had not read the company’s application for the money. While the records are confidential, lawmakers can receive a briefing about specific economic development projects.

Rest of the story here.

Domino’s letter is here. The full response from Wyndcrest Holdings, the company that was awarded the money, is here.

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Tags: Carl Domino, economic development, Wyndcrest

This entry was posted on Friday, October 16th, 2009 at 12:23 pm and is filed under Charlie Crist. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Domino asks Crist to stop payment on $20M award for Port St. Lucie company”

Hey Says:
October 16th, 2009 at 12:44 pm
Good letter. Good questions. Let’s see if the Governor has enough political courage to tell a contributor no.
Why Carl ? Says:
October 16th, 2009 at 2:20 pm
The Charlie Crist for United States Senate Palm Beach County organizational committee includes:

* Honorary Chair, State Representative Carl Domino
yeah lets kick these guys out.... Says:
October 16th, 2009 at 2:34 pm
About Digital Domain
Digital Domain is an Academy Award©-winning digital production studio focused on visual effects for feature film and advertising production. Founded in 1993, the company has built a legacy of achievement, listing Titanic, The Day After Tomorrow and The Curious Case of Benjamin Button among its 75+ film credits. A creative giant in advertising, Digital Domain has created some of the world’s most memorable spots. The studio works with top directors including Michael Bay, Rob Cohen, Clint Eastwood, David Fincher, Joseph Kosinski, Mark Romanek, the Wachowskis and more. Digital Domain is continually pushing into new territory and is being recognized for its pioneering work in photo-real digital humans and productions that bring the worlds of movies, games, advertising and the web closer together. http://www.digitaldomain.com