<http://schema.org/articleBody>
"West Palm Beach has officially reclaimed some prime real estate given to a now-bankrupt digital animation studio to start a film school.Mayor Jeri Muoio filed the deed giving ownership of the property to the city Friday morning.The city gave the downtown land to Digital Domain to build a joint animation studio in partnership with Florida State University's film school. However, the company abruptly closed its Port St. Lucie facility in September and filed for bankruptcy.Since then, the city had been trying to get the land back.A bankruptcy court in Delaware gave its approval for a land transfer Thursday.\"We will have to pay taxes on the land, but half of those taxes will come back to us as they come back to the (Community Redevelopment Agency), and that's really what we've had to do,\" Muoio told WPBF 25 News. \"So it really wasn't much, and it was well worth it to get our land back.\"Muoio said the land is worth about $10 million.The deal does not affect the Port St. Lucie property that was given to Digital Domain."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.wpbf.com/article/after-digital-domain-collapse-west-palm-beach-gets-back-10-million-land-parcel/1314995>