Film effects studio could transform Port St. Lucie

Wyndcrest Holdings, a Hobe Sound private investment firm that owns a sizable stake in a special effects studio that jazzed up “Transformers,” “Flags of our Fathers” and “Apollo 13” wants to build a studio to broaden the area’s economic base. Port St. Lucie and Sarasota are competing to host the proposed 150,000-square foot studio, which could bring up to 500 jobs to the area. John Textor, the managing principal of Wyndcrest and the co-chair of California-based company Digital Domain, said senior management recruiting has already begun. [Sun Sentinel]