It could be evidence that the Digital Domain Institute is in danger of being closed down.
Image: Thinkstock
Digital Domain Media Group tried to sell the land it was given by the city of West Palm Beach, before filing for bankruptcy. The information is in the court filing.
The company received some "expressions of interest" for several assets, including the 10 million dollar downtown tent site.
According to the Palm Beach Post, Digital Domain shopped the land despite a clause in its contract with the city that would require that property to be returned to West Palm Beach if the company failed to build a high rise on it and meet other terms.
But, there is concern over two mortgages that were placed on the land by Digital Domain. Now, the city is hoping to get the land back, rather than a creditor taking it. The Digital Domain institute is right now operating out of a spot across from Cityplace.
